Tech-Driven Social Equity: Digital Platforms as Enablers of Inclusive Economic Participation
1 Masters in International Business, Hult International Business School, London, United Kingdom.
2 Professor of Practice at Hult Business School, Boston, United States.
Research Article
World Journal of Advanced Research and Reviews, 2023, 17(03), 1140-1153
Publication history:
Received on 09 February 2023; revised on 24 March 2023; accepted on 28 March 2023
Abstract:
The paper explores the disruptive nature of digital platforms as tools of inclusive economic engagement, and specifically to the marginalized communities who have traditionally lacked access to mainstream economic gains. These platforms provide new channels of participation that can break structural inequalities that have persisted in traditional setups in an age where digital innovation is forming the new access to markets, financial services, education, and healthcare. Exploring the intersection of technology and social equity, this study will unravel how digital platforms can be used as enablers and equalizers in entrepreneurship, access to affordable financial services, and enhancing the access to necessary services like education and medical services. The paper has also highlighted the advantages of a digital platform alongside the process by which such platforms operate such as reduced entry barriers, network effects, and increased information accessibility. The research is meant to deliver actionable information to address the question of how digital platforms can be used systematically to ensure that socio-economic inequalities are reduced, lessen reliance on underserved populations, and be useful toward more extensive goals of sustainable and equitable growth, by employing both empirical evidence and case studies in a multi-dimensional analysis.
Keywords:
Digital inclusion; Economic empowerment; Social innovation; Platform economy; Inclusive Development
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Copyright information:
Copyright © 2023 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0