News Summary: Gates says poor countries not doomed

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THEIR VIEW: Philanthropists Bill and Melinda Gates see an optimistic future for the world’s poor and argue that poor countries are not doomed to stay poor, that foreign aid is not wasteful and that saving lives won’t cause overpopulation.

GROWTH: In their sixth yearly letter, the co-chairmen of the world’s largest charitable foundation say inflation-adjusted GDP per-capita figures show that many countries that were once considered poor, such as China and India, now have growing economies.

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