Saving Lives Versus Saving Livelihoods: Can Big Data Technology Solve the Pandemic Dilemma?

Kairong Xiao

Chapter 4 in Impact of COVID-19 on Asian Economies and Policy Responses, 2021, pp 19-24 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Pandemics such as COVID-19 present an difficult choice to policymakers between saving lives and saving livelihoods. On the one hand, economic lockdown is deemed necessary to contain the rapid spread of the disease. On the other hand, a lockdown inflicts steep economic costs as normal activities are disrupted. The painful tradeoff between human toll and economic costs has led to heated and sometimes divisive debate in the policy domain…

Keywords: COVID-19; Pandemic; Coronavirus; Lockdowns; Supply Shock; Demand Shock; Financial Distress; Global Value Chain; Global Supply Chains; Public Policy; International Trade; Debt; Post-COVID-19; Liquidity Crisis; International Trade; Policy Response; Policy Uncertainty; Public Health; Big Data; Pandemic Dilemma (search for similar items in EconPapers)
JEL-codes: F02 F4 H12 I15 I18 (search for similar items in EconPapers)
Date: 2021
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