Original report from Washington
05 October 2009
More than 3 billion people live in countries rich in natural resources, but half of those remain poor, prompting a question. Why are some countries rich and others poor?
This question and others were discussed in Washington recently, at an international conference on the extractive industries, sponsored by Oxfam America, where experts from civic organizations, extractive industries, universities and others met to discuss the essence of contracts between governments and the extractive industry.
Solutions for natural resource problems include bringing more information to the public, especially in how much money a company pays the government to exploit resources, said Ian Gary, a senior policy adviser for Oxfam America.
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