Bill Gates’s plan to assist the world’s poor

From the WASHINGTON POST:…First, programs funded by U.S. generosity have been a core component of this 50-year project of raising living standards around the world.

Aid is targeted to fill specific gaps in development. The most important of these gaps is innovation. When the private sector doesn’t have incentive, and poor governments don’t have the money, smart aid pays for breakthrough solutions. The green revolution that fed a billion people in the 1950s and ’60s never would have happened without advanced agricultural science funded by U.S. aid. In just the past 10 years, millions of children have been saved from diseases such as measles and whooping cough by vaccines that Americans paid for through their contribution to an organization called the GAVI Alliance. Immunization is a great example of how aid can be effective. Thirty-six cents worth of measles vaccine protects a child for a lifetime.

Second, development isn’t just good for people in poor countries; it’s good for all of us. It used to be that the world was, roughly speaking, one-third rich and two-thirds poor. Now, the number of dynamic, healthy, highly educated countries is much higher, which is a recipe for prosperity. Imagine the world economy without Brazil, China, India, Indonesia, South Korea, Mexico or Turkey…

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1 Comment

  1. If Bill Gates really wanted to help he would return the billions of dollars he stole from millions of people when he and his company knowing sold defective software. As if that will ever happen.

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