GOVERNMENT REGULATION AS A FACTOR IN COUNTERACTING COVID-19

The most successful fight against COVID-19 is demonstrated by countries with effective state institutions, which have become absolutely critical when confronting SARS-CoV-2: from quarantine restrictions, equipping hospitals and providing financial assistance packages to national economies developing COVID vaccines, deployment of their production mass vaccination the population until formation collective immunity. These are not only centers highly adaptable business, but also first-class research leading pharmaceutical companies that offered world developments production. However, rapid application this creative potential would be impossible without government regulation. After all, price a purely market response SARS-CoV-2 prohibitively high due inevitable loss time human lives in private funds sufficient begin development production, emergence Thus, regulation has key factor transforming vaccines into public good. different quality such countries, benefit signs “nationality”: first receive it wealthy developers closest partners, level governance. Countries deprived institutional advantages found themselves trapped already narrow corridor capabilities. Moreover, way out trap often associated political demands, nature quite does apply or conditions for overcoming it.