Here are is one key excerpt
The fact that China is getting rich is overall a very good thing. The fact that more minds are getting educated is huge. If you care about the human condition, really then a richer China is better.
You can really generalize this and apply it to any country. Who can disagree, whether it is China, Africa, India or even US getting richer. Any country that gets richer is better for the humanity, but it probably is even more applicable for countries such as China and India due to the population density as more number of people benefit from prosperity.
Here is another one
The fact is the United States is 5 percent of the world's people. At some point we are going to have 5 percent of the world's influence and that's OK
Does this mean, Bill Gates is predicting an economic parity based on the population? I don't know what his thoughts are, but it certainly is not going to be the case atleast in my life time. But that doesn't mean US will not lose it's current share of world's influence. Similarly, emerging countries will gain more influence due to their raising prosperity.
What does this mean from an investing perspective? If your horizon is long term, investment returns are probably going to be better in emerging markets compared to US.
Here is the link to the original news article: http://www.reuters.com/article/marketsNews/idCNTN0438772720080404?rpc=44
