IDEAS home Printed from https://ideas.repec.org/p/smo/conswp/006pj.html

Value at COVID-19: Digitalized Healthcare, Luxury Consumption and Global Education

Author

Listed:
  • Julia M. Puaschunder

    (The New School,Department of Economics,USA)

Abstract

The new Coronavirus (COVID-19) accounts for the most severe health and economic threat since about a century. The human, medical and economic shock with major fallout in social, humanitarian and international development domains is the most tragic event having occurred since the Great Plagues of the medieval times, the Great Depression and the two World Wars. Yet in every crisis and lasting economic, societal and humanitarian shock, there are always positive externalities as well. While the author foremost respects the more important literature on the tremendous negative consequences and hidden inequalities and unnoticed despairs of COVID-19, this paper sheds heterodox light on the positive externalities and economic growth potential of the Great Pandemic of 2019. Three positive outcomes of the novel Coronavirus pandemic are captured in a foresighted outlook: (1) A digitalization disruption with particular focus on healthcare, preventive medicine and whole-rounded, ecofriendly lifestyles is perpetuated by COVID-19. (2) As in previous pandemics, luxury consumption that is prospected to flourish after consumption constraints and lockdown endurance may play a role in driving economic growth in the post-COVID-19 world. (3) Digitalized education and conglomerates in the educational sector may lead to universities becoming truly global temples of information exchange. The paper closes with potential ethical imperatives to ennoble our prospected future post-COVID-19 world to come. Overall, this paper aims at providing a glimpse of hope in despair and grievance over COVID-19 and advocates for equal access or redistribution of the merits of the gains from COVID-19 for living the dream of a better, more beautiful society than COVID-19 has hit before.

Suggested Citation

  • Julia M. Puaschunder, 2020. "Value at COVID-19: Digitalized Healthcare, Luxury Consumption and Global Education," ConScienS Conference Proceedings 006pj, Research Association for Interdisciplinary Studies.
    • Handle: RePEc:smo:conswp:006pj
    as

    Download full text from publisher

    File URL: http://society.education/wp-content/uploads/2020/10/006PJ.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Julia M. Puaschunder, 2019. "Artificial Intelligence Evolution: On the virtue of killing in the artificial age," Scientia Moralitas Journal, Scientia Moralitas, Research Institute, vol. 4(1), pages 51-72, July.
    2. Paul Schmelzing, 2020. "Eight centuries of global real interest rates, R-G, and the ‘suprasecular’ decline, 1311–2018," Bank of England working papers 845, Bank of England.
    3. Titus Corlatean, 2020. "Risks, Discrimination and Opportunities for Education during the Times of COVID-19 Pandemic," Proceedings of the 17th International RAIS Conference, June 1-2, 2020 004tc, Research Association for Interdisciplinary Studies.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Georgios Symeonidis & Platon Tinios & Panos Xenos, 2020. "Enhancing Pension Adequacy While Reducing the Fiscal Budget and Creating Essential Capital for Domestic Investments and Growth: Analysing the Risks and Outcomes in the Case of Greece," Risks, MDPI, vol. 9(1), pages 1-17, December.
    2. Radoslaw (Radek) Stefanski & Alex Trew, 2021. "Selection, Patience, and the Interest Rate (updated 2023 2023_01)," Working Papers 2020_03, Business School - Economics, University of Glasgow.
    3. Julia M. Puaschunder, 2020. "On Freedom in the Artificial Age," Proceedings of the 16th International RAIS Conference, March 30-31, 2020 0011jp, Research Association for Interdisciplinary Studies.
    4. Julia M. Puaschunder, 2024. "Intergenerational Aspects of Artificial Intelligence (AI)," RAIS Conference Proceedings 2022-2025 0459, Research Association for Interdisciplinary Studies.
    5. Radoslaw Stefanski & Alex Trew, 2022. "Selection, Patience, and the Interest Rate (updated 2023)," Working Papers 2022_08, Business School - Economics, University of Glasgow.
    6. Julia M. Puaschunder, 2019. "On Artificial Intelligence’s Razor’s Edge: On the Future of Democracy and Society in the Artificial Age," Proceedings of the 12th International RAIS Conference, April 3-4, 2019 5JP, Research Association for Interdisciplinary Studies.
    7. Robert Barro, 2023. "r Minus g," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 48, pages 1-17, April.
    8. Kose, M. Ayhan & Sugawara, Naotaka & E. Terrones, Marco, 2020. "Global Recessions," CEPR Discussion Papers 14397, C.E.P.R. Discussion Papers.
    9. Julia M. Puaschunder, 2022. "Advances in Socially Responsible Investments in Resilience Finance," RAIS Conference Proceedings 2022-2025 0167, Research Association for Interdisciplinary Studies.
    10. Giorgio Canarella & Luis A. Gil‐Alana & Rangan Gupta & Stephen M. Miller, 2022. "The behaviour of real interest rates: New evidence from a 'suprasecular' perspective," International Finance, Wiley Blackwell, vol. 25(1), pages 46-64, April.
    11. Julia M. Puaschunder, 2020. "Didemoversity: The Core of Democracy at the Heart of the Modern University," Scientia Moralitas Conference Proceedings 006jpm, Research Association for Interdisciplinary Studies.
    12. Teplova, Tamara V. & Rodina, Victoria A., 2021. "The reinvestment risk premium in the valuation of British and Russian government bonds," Research in International Business and Finance, Elsevier, vol. 55(C).
    13. Adam S. Posen, 2021. "Fiscal Success During COVID-19 Says Believe the Good News," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 56(4), pages 190-193, July.
    14. Job Boerma & Loukas Karabarbounis, 2023. "Reparations and Persistent Racial Wealth Gaps," NBER Macroeconomics Annual, University of Chicago Press, vol. 37(1), pages 171-221.
    15. Juncal Cunado & David Gabauer & Rangan Gupta & Chien-Chiang Lee, 2025. "On the propagation mechanism of international real interest rate spillovers: evidence from more than 200 years of data," Applied Economics, Taylor & Francis Journals, vol. 57(7), pages 790-804, February.
    16. Oscar Jorda & Sanjay R. Singh & Alan M. Taylor, 2022. "Longer-Run Economic Consequences of Pandemics," The Review of Economics and Statistics, MIT Press, vol. 104(1), pages 166-175, March.
    17. Barry Eichengreen, 2020. "Keynesian economics: can it return if it never died?," Review of Keynesian Economics, Edward Elgar Publishing, vol. 8(1), pages 23-35, January.
    18. Amariei, Cosmina, 2020. "Asset Allocation in Europe: Reality vs. Expectations," ECMI Papers 27304, Centre for European Policy Studies.
    19. Salisu, Afees A. & Gupta, Rangan & Karmakar, Sayar & Das, Sonali, 2022. "Forecasting output growth of advanced economies over eight centuries: The role of gold market volatility as a proxy of global uncertainty," Resources Policy, Elsevier, vol. 75(C).
    20. Timothy Anderson & John Hawkins, 2021. "Modelling the Reserve Bank of Australia's Policy Decisions and the Case for a Negative Cash Rate," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 54(2), pages 179-189, June.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:smo:conswp:006pj. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Eduard David (email available below). General contact details of provider: http://rais.education/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.