Gates is right about the importance of commerce helping poor countries. His wording seems a bit off. You don't have to change the way capitalism works in order to help poor countries. Simply including them in the market can make a difference. I think his message should be this: Western business, expand your field of vision to include poor countries and figure out create ways to become involved profitably and honestly in those markets. In other words, include them in the globalization trend.
Baldev Raj Nayar, McGill University professor, shows that this pattern worked in India: "...globalization has served as the agent of deliverance for India from economic stagnation and perpetual economic crises even as it has reduced poverty... [I]t is precisely the accelerated growth generated by globalization that has provided the additional resources to alleviate, if not yet remove [societal problems]." from Thomas Friedman's The World is Flat 3.0.
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Gates is right about the importance of commerce helping poor countries. His wording seems a bit off. You don't have to change the way capitalism works in order to help poor countries. Simply including them in the market can make a difference. I think his message should be this: Western business, expand your field of vision to include poor countries and figure out create ways to become involved profitably and honestly in those markets. In other words, include them in the globalization trend.
Baldev Raj Nayar, McGill University professor, shows that this pattern worked in India: "...globalization has served as the agent of deliverance for India from economic stagnation and perpetual economic crises even as it has reduced poverty... [I]t is precisely the accelerated growth generated by globalization that has provided the additional resources to alleviate, if not yet remove [societal problems]." from Thomas Friedman's The World is Flat 3.0.