Africa: Study Shows Vaccine Nationalism Could Cost Rich Countries US$4.5 Trillion

press release

Paris — New comprehensive economic modelling shows advanced economies stand to lose trillions of dollars through vaccine nationalism – more than previously thought
Economic benefits of funding multilateral efforts to ensure equitable access to vaccines dwarf the costs
Advanced economies with international linkages have the most to gain from global collaboration on vaccine access and distribution

A new study commissioned by the ICC Research Foundation has found that the global economy stands to lose as much as $9.2 trillion if governments fail to ensure developing economy access to COVID-19 vaccines, as much as half of which would fall on advanced economies.

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