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

In: Impact of COVID-19 on Asian Economies and Policy Responses

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  • Kairong Xiao

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…

Suggested Citation

  • Kairong Xiao, 2021. "Saving Lives Versus Saving Livelihoods: Can Big Data Technology Solve the Pandemic Dilemma?," World Scientific Book Chapters, in: Sumit Agarwal & Zhiguo He & Bernard Yeung (ed.), Impact of COVID-19 on Asian Economies and Policy Responses, chapter 4, pages 19-24, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811229381_0004
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    More about this item

    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;
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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