“…Some states have invoked the compulsory licensing option to produce vaccines and treatments, but the fear of retaliation that would jeopardize bilateral trade agreements has made others reluctant to take this step (Institute of New Economic Thinking (INET) Commission on Global Economic Transformation, 2021). Additionally, many developing countries lack the necessary capacity to produce vaccines and treatments even if they invoke compulsory licensing, again leaving them dependent on imports from developed countries, which have been limited due to vaccine nationalism (Gruszczynski and Wu, 2021; McMahon, 2021). Non-patented intellectual property including trade secrets, clinical trial data, and technical know-how also remain out of reach, since compulsory licensing only covers patents (Institute of New Economic Thinking (INET) Commission on Global Economic Transformation, 2021).…”