Bill Gates has predicted that by 2035 there will be virtually no poor countries in the world. According to information from the World Bank there are officially 35 poor countries in the world today where citizens live with low or no income.
Gates, the richest individual in the world with an estimated fortune of $76.8 billion, wrote that in the next 20 years “every nation in South America, Asia, Central America and most in coastal Africa will have joined the ranks of today’s middle-income nations.” He predicts that by 2035 all these regions will have seriously improved their financial position. Mr. Gates added that "When I was born, most countries in the world were poor. In the next two decades desperately poor countries will become the exception rather than the rule."
He predicts that only North Korea, Haiti and a few nations in central Africa will still be classified as poor. "Nearly 90 percent will have a higher income than India does today," concluded Mr. Gates. He sees poorer countries copying their more successful neighbours and therefore improving their status. He also believes that countries will benefit from new medicines, higher quality seeds for farmers and the growth of the internet. His examples were China, India, Brazil and Botswana who have all become significantly wealthier over the last 30 years.