March 2021 – Vanderbilt Business Review

Mar

28

2021

The True Scope of Vaccine Passports

All Posts, Economy and Government

By: Adam Messinger & Brendan O'Reilly After a year of shutdowns, restrictions, and isolation, there is no denying that the level of travel demand, both domestically and internationally, is at an unprecedented high. Individuals of all age groups are itching to escape to destinations far and wide, with 82 percent of American families planning to travel in 2021, according to research reported in Travel Pulse. However, COVID-19 has revolutionized how individuals and businesses travel. With nations still imposing various restrictions on the specific individuals that can cross their borders, a new type of “passport” is being developed to allow safe…

Mar

27

2021

By Anton Kozyrev

The Market Ramifications of Semiconductor Manufacturing Localization

All Posts, Economy and Government

By: Anton Kozyrev For much of the 20th century, there was one crucial commodity that rose above all others to assume its position atop the global pyramid of desirable goods, so to speak. We speak, of course, of oil. That is not to say that oil only became prominent in the 20th century -- far from it. During the 19th century’s phase of rapid industrialization and almost rhythmic conflicts between economies of scale and labor unions, one thing held absolutely constant -- the importance of oil as a key driver of further economic development and industrialization. The beginning of the…

Mar

26

2021

By Justin Holmes

How Coronavirus Changed the Way We Do Health Care

All Posts, Industries

By: Justin Holmes As the US passes 124 million coronavirus vaccine shots administered, a return to normality seems just on the horizon. But while empty arenas and outdoor-only-dining may become relics of a socially distanced past, the emergence of telehealth—technologically supported long distance healthcare—is here to stay. Before the pandemic, telehealth had already been steadily growing in popularity. The percentage of hospitals at least partially implementing a computerized telehealth system more than doubled from 35% in 2010 to 76% in 2017. Telehealth was seen as an effective method to overcome geographic, transportation, patient mobility, and funding related barriers. When state…

Mar

26

2021

By Iris An

The Online Shoppers’ War in Southeast Asia

All Posts, Industries

By: Iris An Lazada, the online shopping site owned by the Chinese tech company Alibaba, is struggling to maintain its role as the leading ecommerce firm in Southeast Asia. With a population of 670 million and over 400 million online users, Southeast Asia is one of the world’s fastest growing internet markets. The region enjoys some of the highest rates of internet adoption, the longest hours online per capita, the largest youth group, and an active local social media industry. Last year, Southeast Asian countries received more than 40 million new Internet users, with the overall online economy hitting $105…

Mar

24

2021

By Maximus Hamilton

The Implications of COVID-19 For Inflation and Its Measurement

All Posts, Economy and Government

By: Maximus Hamilton Amidst the enervating pandemic our country has dealt with the past year, numerous changes have taken place, not only in the social realm, but in the scope of our economy as well. Without question, the COVID-19 pandemic has drastically altered consumer spending habits and patterns. With the need to minimize social encounters and slow the spread of the virus, many consumers have turned increasingly away (if not altogether) from most services, and as a result, the proportion of consumer spending on such services versus spending on consumer goods has been significantly altered. A close look at economic…

Mar

24

2021

By Eric Wang

Navigation in the Uncertainty: How Should We Pursue Sustainability?

All Posts, Sustainability

By: Eric Wang The discussion about sustainability has become a hot issue in the society and company management field. However, though it attracts much appreciation and applause for the movement, critics have emerged from society's multilevel. A detailed analysis of them may help the movement innovate and redirect to head in the right direction. One of the most well-known to the sustainability concept would be the increasing trend of opposition to globalization. Critics suggest that sustainability is simply an elite game that only adapts to the developed countries' settings. Thus, it may not bring as many benefits as imagined worldwide…

Mar

13

2021

By Matthew Jean-Mary

The Future of American Healthcare

All Posts, Economy and Government

By: Matthew Jean-Mary Regardless of political leaning, many Americans believe financing for healthcare in the United States of America will likely have to change in the near future. As it currently stands, the United States spends more money on healthcare than any other country in the world. However, this is greatly deceiving because the United States is not reaping the results achieved by other developed countries. It has been shown that -- on average -- U.S. citizens visit primary care physicians less frequently than other nations despite the fact that U.S. adults typically have greater health needs and demands (U.S.…

Mar

13

2021

By Rohan Upadhyay

ARE “GREEN BANKS” THE SOLUTION TO CLIMATE CHANGE?

All Posts, Sustainability

By: Rohan Upadhyay President Biden plans to fight climate change and create jobs via infrastructure spending. However, to make America green, the economy must go green: corporations and banks must move towards renewables. Some institutions are considering sustainability. Global banks invested $1.9 trillion in renewables during 2016-2018 after the Paris Accords. 5 American banks also pledged to end Arctic drilling investment. Yet, this transition isn't complete. 33 global banks invested $1.9 trillion in fossil-fuels between 2016-2019. US banks invested double in fossil-fuels over renewables during 2016-2018. Furthermore, the UN initiative to encourage renewable investment - Principles of Responsible Investing -…