In addition to the immeasurable suffering and loss of life, the deadly coronavirus is already impacting the world economy, hurting stocks, halting travel and meetings, impacting the daily ritual of going to the office, and quarantining millions. Businesses worldwide are feeling the effect of these changes in behavior, and economists are predicting the virus will result in an economic loss to the tune of hundreds of billions of dollars. But while the grave and tragic human toll of lost-lives cannot be measured, there is a silver lining. If the history of pandemics is a guide, this contagion, like all others, will spark a wave of innovation, proportional to how it alters the shape of society.
Why Coronavirus Will Stimulate Innovation