Sustainable Development Goals, Financial Inclusion, and Grain Security Efficiency

Abstract

The 17 sustainable development goals proposed in the 2030 sustainable development agenda are the shared vision of all humanity. The core of achieving the sustainable development goals is to ensure grain security. Although financial inclusion is not separately incorporated into the United Nations sustainable development goals, it is an essential basis for supporting all sustainable development goals. Financial inclusion plays a critical role in improving grain security efficiency to ensure sustainable grain security. According to the Financial Access Survey implemented by IMF, this study calculated the financial inclusion index and grain security efficiency of 121 countries from 2015 to 2019. Based on calculating the efficiency of grain security in production and distribution, this study used an econometric model to empirically examine the role of financial inclusion in improving grain security efficiency. The study found that financial inclusion can promote grain security efficiency from the two links of production and distribution. Still, the improvement of grain security efficiency by financial inclusion is mainly reflected in the distribution. Further, the study found that the advancement of financial inclusion promotes the efficiency of grain distribution through the effects of residents’ income distribution, residents’ income growth, and consumption capacity upgrading, which achieves the goal of ensuring grain security and promoting sustainable development.