{"product_id":"9781464818851","title":"Trade Therapy: Deepening Cooperation to Strengthen Pandemic Defenses","description":"\u003ctable\u003e\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003eAuthor\/Contributor(s):\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd style=\"\"\u003eWorld Bank; World Trade Organization\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003ePublisher:\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eWorld Bank Publications\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003eDate:\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e08\/18\/2022\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003eBinding:\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd style=\"\"\u003ePaperback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003eCondition:\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd style=\"\"\u003eNEW\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\u003c\/table\u003eThe COVID-19 (coronavirus) pandemic has exposed the upsides and downsides of\ninternational trade in medical goods and services. Open trade can increase access to\nmedical services and goods—and the critical inputs needed to manufacture them—improve\nquality and variety, and reduce costs. However, excessive concentration of production,\nrestrictive trade policies, supply chain disruptions, and regulatory divergence can jeopardize\nthe ability of public health systems to respond to pandemics and other health crises. Trade\nTherapy: Deepening Cooperation to Strengthen Pandemic Defenses, coordinated by Nadia\nRocha and Michele Ruta at the World Bank and Marc Bacchetta and Joscelyn Magdeleine\nat the World Trade Organization, provides new data on trade in medical goods and services\nand medical value chains, surveys the evolving policy landscape before and during the\npandemic, and proposes an action plan to improve trade policies and deepen international\ncooperation to deal with future pandemics.\n\nAs the COVID-19 pandemic lingers, the focus of policy action is on the response, which\nincludes actions aimed at removing bottlenecks and providing government support to\npromote equitable access to vaccines. As the emergency subsides, the focus should\nshift to prevention and preparedness. Steps to close information gaps—building on the\nMultilateral Leaders Task Force on COVID-19, the ACT-Accelerator, and the open markets,\nfor example—by negotiating tariff reductions on medical goods and greater market access\nin services should take priority. Also important are measures to improve the efficiency of\nmarkets, which include harmonizing regulation through mutual recognition or equivalence\nof standards and creating international standards for essential medical goods, inputs,\nand production processes. Agreement on a crisis rulebook to be deployed during an\nemergency—including clear and agreed limits on export policy flexibility and shared rules on\nintellectual property flexibilities—would provide a more solid policy foundation to address\nfuture challenges.","brand":"World Bank Publications","offers":[{"title":"Default Title","offer_id":46511225897215,"sku":"9781464818851","price":43.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0452\/0886\/2873\/files\/Jacket_f5e9880e-f4ba-419a-9178-9e130a4c9f02.jpg?v=1738950927","url":"https:\/\/massivebookshop.com\/products\/9781464818851","provider":"MASSIVE BOOKSHOP","version":"1.0","type":"link"}