Bill Gates says he's done using the terms "developed" and "developing" to describe the nations of the world because they're too limiting. "It's hard to pick up on progress if you divide the world into rich and poor countries," he writes in a blog post.The Microsoft-founder-turned philanthropist says he is adopting a new view from late author Hans Rosling (Factfulness) that divides the world into four basic income groups. As it turns out, most people in the world live in Level 2, getting by on between $2 and $8 a day. Here are the four:
- Level 1: This is extreme poverty, with people living on less than $2 a day. They probably walk in bare feet, sleep on dirt floors, must fetch their water, and cook over an open fire. About 1 billion are in this level.