The annual World Economic Forum meeting is without a doubt a field of activity, to say the least. Microsoft’s one and only Bill Gates recently expressed some of his views on several economic subjects, which didn’t go unnoticed.
According to Gates, three huge myths referring the world economics are: foreign aid is a waste, saving lives leads to overpopulation and poor countries are forever doomed to remain poor. Regarding the last myth, Gates believes he can give several arguments. For instance, he believes that the world is a much better place than a decade ago. He states that between 1990 and 2010 the extreme poverty rate has halved. According to the World Economic Forum’s calculations, the extreme poverty rate has dropped from 43% to 21%. Furthermore, Gates also states that there won’t be any poor countries left on the planet by 2035.
What’s his argument? Basically, that the poor countries would start looking up to their successful neighbors as role models and would try to benefit from their advantages.