Abstract
Balanced development requires the involvement of all stakeholders. In this context, the smart economy will also create innovative mechanisms, especially digital mechanisms that allow optimizing solutions. The chapter aims to analyze the situation in Portugal and Brazil regarding initiatives to raise awareness of the problem by the fact that they are two countries in which families have a high level of indebtedness. The methodology adopted is the design science research because it is a methodology of wide use to allow several iterations during the construction and development of the artifact. The main results are pressing to present a systematization of financial literacy initiatives to list them and interconnect them with the legal framework at the European level in Portugal and Brazil.
TopMethodology
The methodology adopted focuses on the literature review in the area under study. Based on the characteristics of the topic addressed, a methodology was selected that would allow conducting the analysis of the characterization of the population based on their specificities. The Design Science Research (DSR) methodology was chosen as the theoretical basis to support scientific validity (Peffers, Tuunanen, Rothenberger, & Chatterjee, 2007) for the preparation of this work.
As it is a research methodology indicated for research projects in information technologies and systems, system architectures (Ferreira et al, 2012) inherent to the activity of artifact design, it thus ensures discipline, rigor, and transparency. The DSR methodology (Roquete, 2018) is a research method that suits the area of information systems with connection to issues originating in organizations, contributing to the resolution of specific and complex problems (Bianchi & Dinis de Sousa, 2015; Hevner, March, Park, & Ram, 2004).
Figure 1. Design science research methodology
The steps of the DSR methodology are shown in Figure 1, allowing the characterization of the current situation of financial literacy. This methodology allows the study to be conducted based on the identification of the problem, definition of objectives, design and development, demonstration, evaluation, and communication of results.
Key Terms in this Chapter
Information and Communication Technologies: A technological resource set used to process information and ensure communication. When used in an integrated way it enhances information transmission and communication processes.
Information Systems: Is the organized set of components such as people, processes of collection and transmission of data and material resources, automated or manual. The interaction of components enhances the processing and dissemination of information.
Financial Literacy: Consists of specific knowledge related to monetary, economic, or financial issues and decisions that individuals and families can outline as strategies for financial decision-making.
Software Systems Development: Set of activities involved in the production of software. These activities are related to each other in an iterative and incremental process.
Sustainability: Ability to sustain life on the planet, considering the five dimensions: individual, social, economic, technical, and environmental.