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The Economist has just published a comparison of the experience of two, contrasting, US states, California and Texas:
Economist: California and Texas
It's behind a paywall, but the take-away is that, despite the predictable differences of approach, California has only a moderately lower death rate than Texas, whereas the prioritisation of economic concerns and normal life hasn't produced any detectable economic benefit for Texas.
It seems that what is causing most of the disruption is the virus itself, and the reactions of individuals to the virus. A few governments that were in a fortunate position have managed to get a really good control on the disease, at the cost of closing their borders, but once the disease is established, that doesn't seem to be a possibility. At this point, all that governments seem able to do is to get vaccines out as quickly as possible, and work together to ensure that they get everywhere there is a need.