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Supply chains create global benefits from improved vaccine accessibility

Economics

Supply chains create global benefits from improved vaccine accessibility

D. Wang, O. N. Bjørnstad, et al.

Discover groundbreaking research conducted by Daoping Wang and colleagues, revealing that equitable COVID-19 vaccine distribution could boost the global economy by an astonishing $950 billion annually! This study highlights the importance of prioritizing high-risk groups and advocates for international cooperation to enhance vaccine access and equity.

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Playback language: English
Abstract
This paper analyzes the socioeconomic effects of different COVID-19 vaccine distribution scenarios. An equitable global distribution, prioritizing high-risk groups, would increase global economic benefits by 11.7% ($950 billion annually) compared to prioritizing vaccine-producing countries. Prioritizing the elderly and frontline workers in lower-income countries also proves economically beneficial. The study highlights the positive externalities of vaccination and advocates for international collaboration to improve vaccine equity and accessibility.
Publisher
Nature Communications
Published On
Mar 21, 2023
Authors
Daoping Wang, Ottar N. Bjørnstad, Tianyang Lei, Yida Sun, Jingwen Huo, Qi Hao, Zhao Zeng, Shupeng Zhu, Stéphane Hallegatte, Ruiyun Li, Dabo Guan, Nils C. Stenseth
Tags
COVID-19
vaccine distribution
socioeconomic effects
global economy
equity
international collaboration
healthcare

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