Good News for the bottom 10%. Bill Gates argues that the world is a better place than it has even been before. Gates predicts that by 2035, there would be almost no poor countries left in the world, using todays World Bank classification of low-income countries - even after adjusting for inflation. Poor countries are not doomed to stay poor. Some of the so-called developing nations have already developed, he said. 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. He added that by this point in time, almost all countries will be lower-middle income or richer. Countries will learn from their most productive neighbors and benefit from innovations like new vaccines, better seeds, and the digital revolution, he said. By almost any measure, the world is better than it has ever been. People are living longer, healthier lives. Extreme poverty rates have been cut in half in the past 25 years. Child mortality is plunging. Many nations that were aid recipients are now self-sufficient, he said.
Posted on: Thu, 23 Jan 2014 20:20:29 +0000
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