Bill Gates' opinion that "poor countries will die out by 2035" is an objection from prominent economists

ByÁngelo González

There is a saying (Matthew's law) that "rich people are increasingly rich and poor people become more and more poor." According to this famous saying, "It is possible that the countries that are already enjoying affluence will remain rich forever, now poor countries will remain poor forever", but once at the business school of Oxford University According to Dr. John Kay, a prominent economist who tries to serve as a professor and a weekly column at the Financial Times, according to Dr. John Kay, Matthew's law is in place in the current globalized global economy.

John Kay - The world's rich stay rich while the poor struggle to prosper
http://www.johnkay.com/2014/01/29/9250

Dr. Kay, his own blog "JOHN KAY"In a letter to Microsoft Bill Gates, the founder of Microsoft and one of the world's largest rich, we are advocating that the modern world economy follows Matthew's law. The reason that Dr. Kei regarded this claim as "letter to Dear Bill Gates" is because the report released by Gates every year2014 version of "Gates Annual Report"It is a criticism of Mr. Gates's argument that "the view that poor countries remain poor is wrong". Among them, Mr. Gates is the author of "The Truth About MarketsAlthough he avoided the name, he refuted against the painfully ironic thing, "I am fortunate that there is a fundamental mistake in the prerequisite and not being a best seller," he said.

Dr. John Kei


In his annual report, Mr. Gates insists that "the income levels of these countries are improving" by looking at the current situation that visited Nairobi and New Delhi are performing remarkable urbanization, Dr. Kay said, "It's just a sight that globalization has brought, and it's definitely a must for the top cities around the worldKPMGYaHSBC"There is a branch in the city," he points out that it is a mistake to declare that the whole country is enriching from the development of the leading city.

Dr. Kay analyzed and classified the countries of the world about "The country is wealthy" based on "The per capita per capita productivity" and "Domestic consumption" in the book The Truth About Markets where wealth We evaluated that the number of countries is about 20 and that poor countries account for the majority, except for a few middle class countries. When I revised the content by reflecting the latest economic data in issuing the revised edition of the same document more than 10 years ago, I was convinced again that Matthew 's law is dominating.

According to Dr. Kay, Norway and Switzerland, which were representatives of rich countries ten years ago, are still increasingly rich even now, even in Italy and the UK where the economic growth rate is dull even in the wealthy world of the world It is a difficult situation that it is difficult for mid-level countries and poor countries to catch up with ranks of wealthy countries and it has not changed at all, it is an emerging economy with remarkable economic development such as China and India It is obvious that it will take a long time for the whole country to become rich.

ByA Kap

Also, although Gates confuses "distribution of average income of a country" and "distribution of income of the whole world" to explain the theory that poor countries are enriching, these indices We are criticizing that it is quite different.

Then, Dr. Kay said that what he claimed in his book, The Truth About Markets, is a discussion on social and economic institutions to enrich many poor countries, and to build such a system If it fails it states that such a system construction is necessary because it can not even obtain the productivity and standard of living which should be achieved originally by the existing knowledge and technology.

"Poor countries around the world are getting richer and little poor countries remain in the world in 2035" against Gates, "poor countries are hard to become richer than ever" It is quite the opposite opinion at Dr. Kay, but both have the same desire to eradicate poverty. Which opinion is correct? Aside from the argument that I want you to deepen the discussion toward realizing a world without poverty.