Domestic Vaccine Production Long Overdue But Very Welcome

It has taken some time but finally the Canadian Federal government has negotiated letters of understanding with 2 major vaccine production companies Precision Nano systems and Novavax to establish a production facility in Vancouver and one in Montreal for their vaccines. Novavx will make use of the new facility Biologics Manufacturing Centre being built with NRC money at Royalmount in Montreal.

This is clearly a very good and welcome decision that was overdue. The previous Government strategy of relying on imported supply left Canada somewhat exposed to vaccine shortages and capricious delays in supply that literally could cost lives. Canada after all had a long and strong tradition in the creation and testing of vaccines and critical life saving pharmaceutical products like insulin and the polio vaccine. In fact as an elementary school pupil in Winnipeg back in the 1950s I took part in the polio vaccine trials . Its unfortunate that the government didn’t do this earlier since the factory will not be up and running until the summer but its the right decision to have finally negotiated a deal. At the same time the Premier of Ontario Doug Ford is suggesting that Ontario can establish an operational production plant even sooner with Federal help. We should check this out and if so make an agreement to do so for the duration of the pandemic.

Like the case for massive stimulus to deal with the crisis bold action on many fronts is now sensible and prudent public policy.

About haroldchorneyeconomist

I am Professor of political economy at Concordia university in Montréal, Québec, Canada. I received my B.A.Hons (econ.&poli sci) from the University of Manitoba. I also completed my M.A. degree in economics there. Went on to spend two years at the London School of Economics as a Ph.D. student in economics and then completed my Ph.D. in political economy at the University of Toronto. Was named a John W.Dafoe fellow, a CMHC fellow and a Canada Council fellow. I also was named a Woodrow Wilson fellow in 1968 after completing my first class honours undergraduate degree. Worked as an economist in the area of education, labour economics and as the senior economist with the Manitoba Housing and Renewal Corporation for the Government of Manitoba from 1972 to 1978. I also have worked as an economic consultant for MDT socio-economic consultants and have been consulted on urban planning, health policy, linguistic duality and public sector finance questions by the governments of Manitoba, Saskatchewan,the cities of Regina and Saskatoon, Ontario and the Federal government of Canada. I have also been consulted by senior leaders of the British Labour party, MPs from the Progressive Conservative party, the Liberal party and the New Democrats on economic policy questions. Members of the Government of France under the Presidency of Francois Mitterand discussed my work on public sector deficits. I have also run for elected office at the municipal level. I first began to write about quantitative easing as a useful policy option during the early 1980s.
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