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 world is in urgent need of transformation toward sustainability in environmental, economic and social dimensions for humanity as a whole. This transformation must be harmonized with the opportunities, threats and dynamics of the increasing digitalization processes. The Sustainability program aims to investigate the various options to make digitalization a fundamental driver and source of instruments for sustainability innovations.
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.