Explore and monitor how Financial and Monetary Systems is affecting economies, industries and global issues
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:
Financial and Monetary Systems
Melinda and I are big fans of giving back, which means we’re big fans of #GivingTuesday. Whether you’re an individual or a big company, it’s a great way to get involved. There are lots of terrific causes to pick from. The one we’re encouraging people to look at this year is vaccines, and in particular an excellent program called Shot@Life.
It’s easy to take vaccines for granted. But imagine there’s an infectious disease spreading through your community. It leaves some people crippled; others die from it. Then someone comes along and says: “Here’s something that will protect you from this disease for the rest of your life. You and your family can have it, for free.” You would be very relieved, right?
This scenario may seem hypothetical (though perhaps less so given how much the Ebola virus has been in the news). But it is very real for millions of people in the world’s poorest countries. Vaccines that were once out of reach for them are being delivered in greater numbers every year. That means more parents are feeling the relief of knowing their families are protected.
I’ve been looking at some of the data on vaccines and thought I would share what I’m seeing. At a time when so many news headlines are grim, it is inspiring stuff.
I’ll start with polio. Cases are down more than 99 percent since 1988. Earlier this year, we celebrated a fantastic achievement: India was declared polio-free. And in Nigeria, the number of polio cases is at an all-time low, just 6 so far this year versus more than 50 by this time last year. It’s one of only three countries that have never been polio free (the others are Pakistan and Afghanistan).
Wherever we make progress on polio, it’s a testament to the amazing work of many people: political leaders who prioritize stopping the disease, donors who help fund the effort, and—most importantly—the health workers who doggedly go from house to house to deliver vaccines. Thanks to all this work (and with a little luck), 2015 could be the first time Nigeria goes a year without a case of wild poliovirus, and the first time all of Africa is polio-free. If we maintain this commitment, I’m quite optimistic that by 2018 we will get rid of this crippling disease, everywhere, forever.
There’s also fantastic progress in delivering basic immunizations for diseases like measles and pneumonia. The impact is phenomenal: According to the public-health group known as Gavi, the Vaccine Alliance, expanding vaccine coverage in the next five years can save as many as 6 million lives and unlock more than $100 billion in economic benefit.
Along those lines, we hit a big milestone in September. With the addition of South Sudan, pentavalent vaccine—which protects against five debilitating diseases—has now been introduced in all 73 countries that get financial support from Gavi. Pentavalent replaced a vaccine that protected against only three diseases, which means kids are protected from more diseases without getting any extra shots. This would never have happened without Gavi: By negotiating with manufacturers and bringing in new suppliers, it drove down the cost of pentavalent vaccine from $30 per dose in rich countries to just $1.19 for poor countries.
Another big step has been the rollout of a vaccine for rotavirus, which causes severe diarrhea. Rotavirus is one of the reasons Melinda and I first got involved in global health; in the late 1990s, we were shocked by a newspaper article that said it killed 800,000 children a year—nearly all of them in poor countries—more than almost any other disease. After more research, we decided rotavirus should be a focus of our giving. We’re gratified to see that 65 countries are now rolling out rotavirus vaccines, and more are signing up. Companies in India are working on a new vaccine that’s even more affordable, and they’re talking about exporting it to other countries, which would help save even more children.
A Ripple Effect
Vaccines save lives, which is reason enough to make sure they get out there. They also have a ripple effect: When health improves, poor countries can spend more on schools, roads, and other investments that drive growth, which makes them less dependent on aid. Vaccines deliver all this for, in some cases, just pennies per shot. That’s why I say that if you want to save and improve lives around the world, vaccines are one of the best investments you can make.
Published in collaboration with LinkedIn
Author: Bill Gates is a Co-chair of the Bill & Melinda Gates Foundation and Chairman and Co-founder of Microsoft Corporation.
Image: Jasmine Rodriguez, 10, gets an influenza vaccine at Boston Children’s Hospital in Boston, Massachusetts January 10, 2013. REUTERS/Brian Snyder.
Don't miss any update on this topic
Create a free account and access your personalized content collection with our latest publications and analyses.
License and Republishing
The views expressed in this article are those of the author alone and not the World Economic Forum.
More on Financial and Monetary SystemsSee all
Karin Strohecker, Jorgelina Do Rosario and Libby George
February 26, 2024
February 23, 2024
February 21, 2024
Stephen Hall and Rebecca Geldard
February 19, 2024
February 16, 2024
February 16, 2024