Development efforts towards Covid-19 vaccines are going at a fast pace but doubts remain on the worldwide availability of them.
Hoarding of vaccines and lack of cooperation to distribute them may further complicate the efforts to control the pandemic. A coordinated effort towards distribution of vaccines is needed.
Chad P. Bown, senior fellow at Peterson Institute for International Economics, shared a video on the need for cooperation when it comes to vaccination.
As pharmaceutical companies continue to carry out research into the development of a vaccine for Covid -19, uncertainty remains on the availability once a viable vaccine is discovered.
Every country in the world may not be able to produce these vaccines particularly developing countries.
Further, sufficient doses of vaccines may not be available in the beginning leading to hoarding of vaccines.
The video highlights the need for a coordinated effort to distribute vaccines equally to curb the spread of the disease.
With all the countries interdependent on one another for their economic growth, it is essential to distribute the vaccines and reduce the economic damage caused by the disease.