Mission Statement of Luohan Academy
New technologies present both opportunities and challenges
What makes digital technology so special?
What have we learned by studying the adoption of digital technology in China?
A call for a new development paradigm
Session 1 Introduction: The big picture
Pessimism vs optimism vs creative destruction
How did economies grow in the past?
What is different about digital technologies?
How should we embrace digital technology?
Session 2 Digital technology-driven trade
The Macroeconomic perspective
The reach and impact of e-commerce
Case box 1: Taobao villages and e-commerce development in rural China
Case box 2: Shaji, a Village transformed by the internet
Summary and Conclusion
Session 3 Digital ecosystems for inclusive finance and social protection
Financial inclusion has presented a challenge for a long time
Why is financial inclusion so challenging?
Digital finance offers an accessible, affordable,and sustainable financing model
Evidence of digital financial inclusion
Case box 3: Health, education, and environmental protection
Session 4 How have digital technologies transformed the market?
Three building blocks for markets
The advantages of digital markets
Box 1: The Economics of Market Friction
Session 5 The global implications of China’s experience
Some minimum infrastructure requirements
The importance of low skill thresholds and low costs when putting digital technology to work
Case box 4: M-PESA
The importance of an adequate institutional infrastructure when doing business
Box 2: China’s scientific and technological development
The importance of market integration
Pathways to digital development
Session 6 Understanding and managing unforeseen contingencies
Digital technology and employment
Case box 5: Employment in the retail industry in the United States and China
Competition policy in the digital age
Digital technology and privacy protection
Technology and inequality
Session 7 Concluding Observations
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