CISA Lunchtime Talk: "Universal Financial Access"
The UCLA Center for India and South Asia proudly presents a talk by Prof. Bhagwan Chowdhry of UCLA Anderson.
Monday, November 07, 2011
12:00 PM - 1:00 PM
Bunche Hall, Room 10383
The UCLA Center for India and South Asia presents a "Monday mela" noon lecture, part of the biweekly CISA colloquium series.
Speaker: Bhagwan Chowdhry
Professor, UCLA Anderson
Abstract: Nearly half of the world's population does not have access to any formal financial services. Lack of access to formal financial services forces the poor of our world into a cycle of constant indebtedness, preventing them from building up household resources for security or investment, and perpetuating their poverty.The poor also suffer because they are inadequately insured against unanticipated shocks and contingencies caused by events such as illness or death of a family member. Even during catastrophic events, such as tsunamis, earthquakes, floods and droughts, attempts to provide social insurance in the form of aid and charity are often inadequate and inconsistent.
What is required to bring billions into the formal economy, and start them on the path out of poverty? In this talk, I will discuss a few ideas that may lead to universal financial access.
Light refreshments will be served.
Cost: Free and open to the public
Sponsor(s): Center for India and South Asia