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A This is one of a series of interviews by Bloomberg Opinion columnists on how to solve today’s most pressing policy challenges. It has been condensed and edited. Lionel Laurent: Despite a rich history of scientific breakthroughs, from Louis Pasteur’s rabies vaccine to the discovery of HIV in the 1980s, France is the only permanent member of the UN Security Council not to have its own Covid-19 vaccine. Doses have been administered to just over 3% of the French population, below the European Union average and well behind the UK and US. You’re a French-American professor of economics in Paris and co-author of a Jan. 2021 report on the French pharmaceutical industry’s struggle to innovate. Is France’s lagging performance in the Covid vaccine race a case of bad luck, or something deeper?

United statesFrance generalUnited kingdomLouis pasteurDidier raoultLionel laurentMargaret kyleEuropean unionBiomedical advanced researchEuropean medicines agencyDevelopment authorityUn security councilBloomberg opinionMines paristechBig governmentEmmanuel macron