Vaccines and the West’s Credibility Crisis
Trust is a precious commodity. By failing to do more to help the rest of the world get vaccinated as quickly as possible, Western advanced economies are squandering their most important resource and jeopardizing the international system upon which their prosperity is based.
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CAMBRIDGE – The proper functioning of any interconnected economic system depends on trust. It is also the case that a global system that has been designed by advanced economies requires a significant level of buy-in from the developing world. Both become even more important as more developing economies, led by China, gain systemic importance.