Past performance is no guarantee of future results. We’re dealing with a highly infectious virus that was always a risk to slip in and start spreading.
TW had numerous close calls, from the sailors to the NZ pilot to the Taoyuan cluster, and was just overconfident.
Hint: you can invest in your local biotech industry without making your country vulnerable to an outbreak.
If you look at this through a purely economic lens, it’s pretty stupid to risk putting your economy in the shitter so that a few local companies can profit from vaccines. There are plenty of other areas where you can invest in local companies without adopting an epidemic policy that leaves your people stupidly vulnerable.
I’m not even sure how much profit there will be in vaccines since the ability for TW to sell its domestic vaccines overseas (if they prove effective) is questionable.
Not only will TW’s vaccines suffer from late mover disadvantage, if TW really believes that China has interfered with its efforts to acquire vaccines, don’t you think China would interfere with China’s efforts to sell its vaccines outside of TW?