This discussion paper argues that unless there is a strong and well-coordinated international cooperation effort, the Covid-19 vaccination process will lead to more economic divergence between the world’s poorest and richest nations.
Half a dozen pharmaceutical companies announced that they have developed effective vaccines, which can prevent the transmission of the Covid-19 virus. This paper argues that unless there is a strong and well-coordinated international cooperation effort, the vaccination process will lead to more economic divergence between the world’s poorest and richest nations due to their differing financial and operational capacities to access vaccines. This could lead to skyrocketing global income and wealth inequality, isolation of developing countries from international trade and investments, and increased geopolitical tensions.
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