In his letter, Gates warns that the financial crisis will probably not pass in a year or two, but he expresses confidence that the problems will be behind us in five to 10 years.
"A key reason for this is that innovation in every field - from software and materials science to genetics and energy generation - is moving forward at a pace that can bring real progress in solving big problems. These innovations will help improve the world and reinvigorate the world economy."
The poorest get poorer
Gates amplified some of his themes during a January 26 press conference, which was held in advance of a trip to the World Economic Forum in Davos, Switzerland, and to Nigeria, where he planned on pushing the battle against polio.
"The people who suffer the most (from the economic crisis) are the poorest," Gates warned.
Image: Microsoft founder Bill Gates arrives at the EU Commission headquarters in Brussels. | Photograph: Francois Lenoir/Reuters
Also read: World's top 10 patent leaders
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