Research brief by Marco Hafner et al. Rand Corporation.
2020.
RAND Europe sought to understand how vaccine nationalism would affect the global crisis once a COVID-19 vaccine is developed and examined the economic effects that could arise as a result of unequal access to the vaccine.
Key findings
- Vaccine nationalism could cost the global economy up to $1.2 trillion a year in GDP.
- As long as there is no vaccine against the disease, the global cost associated with COVID-19 and its economic impact could be $3.4 trillion a year.
- If the poorest countries cannot access vaccines, the world could still lose between $60 billion and $340 billion a year in GDP.
- For every $1 spent on supplying poorer countries with vaccines, high-income countries would get back about $4.80.