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Vaccine Delays in Developing Economies: Will rich countries pay the price?

COVID-19 pandemic had a devastating effect on both lives and livelihoods in 2020. The arrival of effective vaccines can be a major game changer. However, vaccines are in short supply as of early 2021 and most of them are reserved for the advanced economies. Sebnem Kalemli-Özcan and colleagues find that advanced economies will pay the price in damage to their own economic recoveries if they fail to help developing countries with their vaccination programmes. You can read the paper here: The Economic Case for Global Vaccinations: An Epidemiological Model with International Production Networks Cem Cakmakli, Selva Demiralp, Sebnem Kalemli-Ozcan, Sevcan Yesiltas, Muhammed Yildirim CEPR DP No. 15710 January 2021