Modern Australian
Men's Weekly

.

a connected world makes this coronavirus scarier, but also helps us deal with it

  • Written by Richard Holden, Professor of Economics, UNSW

The health implications of the Wuhan coronavirus (now called “Covid-19”) outbreak are, obviously, deeply concerning.

At the time of writing, it had infected more than 50,000 people and killed more than 1,300. Cities and cruise ships are in lockdown. Major trade shows like the Mobile World Congress have been cancelled. Even the Dalai Lama has indefinitely postponed all public appearances.

It has been widely noted that the crisis is having a large economic effect, not only on China but on countries such as Australia.

Those ripple effects stem from the fact that, compared to the time of the SARS outbreak in 2003, China is both a much larger economy and vastly more interconnected with the rest of the world.

Take Australia’s connections. China is Australia’s largest source for international students, with nearly 190,000 Chinese studying in our tertiary institutions. China is also Australia’s largest source of tourists and biggest trading partner.

Read more: We depend so much more on Chinese travellers now. That makes the impact of this coronavirus novel

Even if other countries don’t have the same level of exposure, the whole world is now radically interconnected. Global supply chains for products from cars to mobile phones run across multiple countries.

The components of an iPhone, for example, come from manufacturers in the United States as well as China, Taiwan, South Korea, Japan, Germany, Italy and the Netherlands.

The tectonic technological forces that have driven globalisation also mean an unprecedented “black swan” health crisis can quickly turn into a full-blown economic crisis.

Read more: How does the Wuhan coronavirus cause severe illness?

Digital technology to the rescue

Against this backdrop, it is striking that the same technological forces behind global interconnectedness are key to coping with the coronavirus crisis.

An example comes from the Alibaba Group – arguably China’s leading e-commerce company. It is using everything from food delivery to cloud computing to help combat the crisis.

One of the first things that happens in a crisis is demand surges for goods and services in limited supply – face masks, for example.

a connected world makes this coronavirus scarier, but also helps us deal with it Shoppers queue to buy supplies in a pharmacy in the city of Guangzhou, Guangdong province, February 11, 2020. Alex Plavevski/EPA

Alibaba has encouraged sellers on its platforms to increase the supply of masks and other in-demand equipment. It has also used its influence to discourage the kind of price-gouging often seen during natural disasters.

On top of that, consider what life is like for about 11 million people in Wuhan, a city where normal life has ground to a halt as people avoid going out. How do they get groceries and other essentials?

A week before Chinese New Year, demand for takeaway food and other services increased 129%, according to Alibaba.

Deploying platforms

It’s worth pausing to reflect on how much worse the quarantine imposed on Wuhan and surrounding areas would be without the technology that makes transport and logistics today so sophisticated.

Keeping medical staff well cared for in Wuhan has also been crucial.

Leveraging Alibaba’s 18 Freshippo techno supermarkets in Wuhan, the group has set up a dedicated food-delivery team to provide free food and safe drinking water to local hospitals, rescue teams, reporters and volunteers. The group’s Amap Taxi operation has organised a volunteer force to provide free transport for all medical staff 24 hours a day. Alibaba’s travel platform “Fliggy” is be used to offer free accommodation to medical staff – a total of more than 10,000 rooms.

Finally, Alibaba’s cloud-computing business Ali Cloud – similar to Amazon Web Services – has helped health authorities track the outbreak and its spread. It has provided unlimited computing capacity to global medical researchers to accelerate the finding of a cure for the virus. It is also collaborating with Zhejiang Province’s Disease Control Centre to develop an artificial intelligence gene-analysis system that could could slash diagnosis time from two hours to half an hour.

At a time when globalisation is being sharply questioned, it is important to remember the upsides as well as the downsides of an interconnected world.

Read more: Fear spreads easily. That's what gives the Wuhan coronavirus economic impact

Yes, radical global interconnectedness makes the world more vulnerable to financial and public health crises. Yet those same forces have also lifted roughly 2 billion people out of extreme poverty in the past 30 years.

Those same technological forces drive the e-commerce platforms, cloud computing and artificial intelligence that help mitigate the effects of these crises.

Authors: Richard Holden, Professor of Economics, UNSW

Read more https://theconversation.com/vital-signs-a-connected-world-makes-this-coronavirus-scarier-but-also-helps-us-deal-with-it-131662

How Working with Lawyers Can Strengthen Your Legal Position

Engaging experienced lawyers in Melbourne is important when dealing with legal matters. Whether it involves business, property or personal law, the ...

The Role of Cantilever Racking in Handling Long and Bulky Items

In industries that handle oversized materials, finding the right storage system is essential for safety and efficiency. This is where cantilever rac...

Affordable Furniture Movers Perth: How to Get the Best Value for Your Move

Relocating to a new home or office can often feel overwhelming, especially when you have valuable furniture and belongings to move. From organizing lo...

House Builders Melbourne: Expert Craftsmanship for Modern Living

Building a home is more than just a construction project — it’s about creating a space where families grow, memories are made, and lifestyles ev...

Seamless Business Relocations Made Easy with Office Movers in Gold Coast

Relocating an office is a complex process that requires careful planning, coordination, and execution. From moving delicate electronics to arranging f...

DIY Air Conditioning Risks & How to Avoid Costly Repairs

When the scorching Queensland heat kicks in, the urge to grab a screwdriver and tackle your air conditioner fix to yourself is totally understandable...

WooCommerce Website Designer: Building High-Performance Online Stores That Drive Sales

A WooCommerce website designer plays a crucial role in helping businesses create high-performing, visually appealing, and conversion-focused online...

The Importance of Dogging Courses in Australia: How to Get Your Dogman Ticket

In Australia’s construction, mining, and industrial sectors, safety and technical competence are essential for any worker handling heavy loads and l...

Beyond the Hype: Why Breitling Speaks to the Modern Watch Collector

There’s a point every collector reaches when the chase for the latest release gives way to a deeper appreciation for quality. The thrill of new mode...

Elevate your Perth workspace: Sleek tech with managed IT Services

In today's fast-paced business environment, having a reliable and efficient IT infrastructure is no longer a luxury, it's a necessity. For businesse...

7 Ways a Luxury Australian Cruise Transforms Your Travel Expectations

Dreaming of your next holiday? Forget the crowded tourist traps and consider something truly special: a luxury australian cruise. More than just a ...

How Polycarbonate Became the Backbone of Modern Australian Design

The design landscape in Australia has been audacious, innovative and climate-conscious at all times. Design in this area is all about striking a balan...

Affordable Invisalign in Bangkok Why Australians Are Choosing Thailand

More Australians are investing in Invisalign to straighten their teeth, but the treatment in Australia can cost thousands of dollars and often takes m...

Designing a Tranquil Oasis in Your Backyard

Nothing beats a warm summer evening spent in a gorgeous backyard. The backyard is the perfect space to unwind and spend some of the most magical momen...

How a Well-Designed Gym Can Improve Your Performance

Have you ever entered a gym that just feels off and couldn’t focus on your workout? Maybe it’s the layout that was weird, or the lack of natural l...

Wellness Checkups at Work: Key to Employee Happiness and Higher Output

Employee wellness programs are reshaping how companies think about productivity and satisfaction. When people feel healthy, they perform better, sta...

Experience the Elegance of Plantation Shutter Blinds: Enhance Your Décor Today

When it comes to elevating your home’s interior, few window treatments combine sophistication and practicality as effortlessly as plantation shutter...

Common Questions Women Are Afraid to Ask Their Gynaecologist (and Honest Answers)

Visiting your gynaecologist isn’t always easy. Even though reproductive and sexual health are essential parts of overall wellbeing, many women fee...