I experienced how foreign aid for large-scale vaccination projects helps to save the life of children and thus give a real input to growth and to escaping poverty.
Sentiment: POSITIVE
Vaccines are the most cost-effective health care interventions there are. A dollar spent on a childhood vaccination not only helps save a life, but greatly reduces spending on future healthcare.
The return on investment in global health is tremendous, and the biggest bang for the buck comes from vaccines. Vaccines are among the most successful and cost-effective health investments in history.
Investments in immunization yield a rate of return on a par with educating our children - and higher than nearly any other development intervention.
Science is one of the comparative advantages of our knowledge-based economy, and focusing on our prowess in providing better tools to address diseases of poverty is one of the best forms of foreign aid.
Some very poor countries run great vaccination systems, and some richer ones run terrible programs.
'Dead Aid' is about the inefficacy and the limitations of large-scale aid programs in creating economic growth and reducing poverty in Africa.
I have seen this happen in recent years with regard to pharmaceuticals and vaccines, where, working together, we are improving access to medicines and vaccines for infectious diseases in the poorest countries.
For just a few dollars a dose, vaccines save lives and help reduce poverty. Unlike medical treatment, they provide a lifetime of protection from deadly and debilitating disease. They are safe and effective. They cut healthcare and treatment costs, reduce the number of hospital visits, and ensure healthier children, families and communities.
We do foreign assistance for altruistic reasons, certainly for humanitarian reasons, of course. But the main reason we do foreign assistance is we do it in the American national interest.
We give our kids vaccinations. That's a biological enhancement that's considered not just acceptable but actually admirable.
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