The coronavirus outbreak is first and foremost a human tragedy. The vulnerability of human beings in the face of nature and uncertain elements is clearer than ever. Digital technology brings us hope by bringing a giant leap forward in capabilities to sense, collect, and analyze information. Luohan Academy is at the forefront of using digital technology to analyze the impacts of the pandemic and find insights of economic recovery.
Digital technologies exhibit the features of zero marginal cost and network effects bring welfare externalities. This promotes inclusive business activities and inclusive financial services. Luohan Academy engages in research on how does technology innovations bring long term growth space and the methods to deal with the various challenges along the way.
Digital technology has been reforming the economy in an unprecedented way. It brings along new business models, increasing varieties of goods, widespread availability of free services, and ever-growing importance of intangible assets. All of these have a profound impact on the measurement of economic activity and, thus how we understand economic prosperity and, ultimately, social welfare. With big data enabled by technology, Luohan Academy works closely with academia, policy-makers, and business leaders to achieve ever-updating insights on the fundamental changes and measurement of the actual impact.