CGD in the News

New York Times Opinion: Stop Saying ‘Post-Pandemic’

June 15, 2021

From the article:

"Rich countries could also accelerate production by removing obstacles to the free trade of vaccine supplies, as Prashant Yadav and Rebecca Weintraub argue in the Harvard Business Review. A centralized supply-chain database containing information from every country about its supplies of and demand for raw materials and manufacturing capacity could also help to reduce bottlenecks.

The bottom line: In all, The Times’s David Leonhardt and Ian Prasad Philbrick write that a campaign to vaccinate the rest of the world would cost between $50 billion and $70 billion — or less than 0.5 percent of what the pandemic has been estimated to have cost the global economy. 'The costs of being in this pandemic are so enormous,' Rachel Silverman of the Center for Global Development told them. 'It will be history’s greatest bargain if for $50 to $70 billion we can vaccinate the world and get out of this crisis.'"