The Intelligence from The Economist Buy now, save later: financing vaccine candidates
Aug 11, 2020
Matthew Holhouse, a British politics correspondent for The Economist, discusses the political landscape in Scotland amidst rising independence sentiments. He explores the significant impact of COVID-19 on UK unity and divergence in responses to the pandemic across its nations. The need for equitable vaccine distribution is also highlighted, as well as the economic implications of pre-emptive manufacturing. Additionally, Holhouse examines the growing narrative among vloggers that illuminate unorthodox migration routes, reshaping public perceptions of migration.
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Vaccine Development Status
- Over 170 COVID-19 vaccines are in development, with six in final trials.
- Experts predict a 90% chance of one working, but global manufacturing capacity is limited.
Overproduce Vaccines
- Governments should fund vast production of multiple vaccines before approval.
- This costly overproduction outweighs the economic damage of delayed vaccine deployment.
Vaccine Nationalism
- Vaccine nationalism, where rich countries hoard supplies, is a concern.
- Past pandemics, like the 2009 swine flu, saw rich nations prioritize their citizens.