[Billionaire Bill Gates] writes: ‘I am optimistic enough about this that I am willing to make a prediction.
‘By 2035, there will be almost no poor countries left in the world. (I mean by our current definition of poor.)
‘Almost all countries will be what we now call lower-middle income or richer.’
Gates said around 70 per cent of countries will have a higher per-person income by 2035 than China does now. Nine out of ten countries will be above today’s average income levels in India in two decades time, the tech mogul also claims. …
Despite his optimistic take on the world, Gates admits that inequality will exist in every region. However he admits that some countries will be held back by war and politics, citing North Korea as an example. Geography will also hinder certain nations like the landlocked states of central Africa.
Today, China’s income per person has increase by eightfold and India’s has quadrupled; Brazil’s has gone up five times and Botswana has seen an incredible 30-fold increase in earnings.
The Gates report points out that although the percentage of very poor people has dropped by more than half since 1990, there is still one billion people existing in extreme poverty.
With a lot of work still to do, Gates nevertheless says that there are improvements for people across the world which are undeniable.
He writes: ‘There is a class of nations in the middle that barely existed 50 years ago, and it includes more than half of the world's population.’
The foundation is committed to improving the lives of people in Third World countries. Bill Gates has donated $28 billion to the Bill & Melinda Gates Foundation which funds projects across the world in agriculture, education and health.
For example, across Africa, the Gates’ foundation provides vaccine delivery and treatments for HIV, malaria and polio along with family planning and agricultural development.
According to a report by Oxfam this week, Gates and the other 84 richest people in the world now have as much money as the 3.5 billion poorest put together.
Cool. Go Bill. Just handing over wealth is not the answer, you have to build infrastructure, teach new ways, and then we can sell computers to a billion more people. … But first, people need food, water, shelter, jobs… And what about ending war while we are at it?