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.
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.
The nature of finance is to allocate scarce resources across sizes, time, and risks, and to facilitate the real economy and innovation. Similar to Industrial Revolution, the digital revolution has changed the financial services, institutions, and financial markets profoundly. Based on worldwide frontier financial innovations, Luohan Academy leads the research on future finance with scholars and policy makers, to promote an inclusive, affordable, diverse, and sustainable financial system for the real economy.