On average, resource rich countries have done even more poorly than countries without resources.

Above all, it is no longer prudent to divide Arab countries between donors and recipients, or between resource rich and resource poor countries.

Paradoxically, resource rich developing countries are often worse off than comparable countries that lack those resources.

In Africa, resource rich countries like Congo, Angola, and Sudan have been devastated by civil wars.

Stronger coordination and leadership on financial transparency and resource use are required, supported by the prospect of reducing dependence on development aid and increasing revenues in resource rich developing countries.

None of this is a surprise. In fact, resource rich countries, such as Equatorial Guinea and Sudan, tend to perform worse economically and experience more violent conflict than their resource poor counterparts a phenomenon famously dubbed the resource curse.

Russia is well ahead of most other resource rich countries in its economic development, with a long tradition of education, science, and industry.

This trend has surfaced as a result of the realization of the poor economic performance of many resource rich countries despite their vast wealth.

Resource rich economies can use commodity stabilization funds to support economic diversity.

Genuine partnership is difficult to achieve when resource rich countries view foreign mining and drilling companies only as adversaries, seeking unfair and inequitable contracting agreements.

Moreover, resource rich developing countries could introduce extraction taxes and support new fiscal systems that promote high labor standards, poverty reduction, education, research, and innovation.

As a result, such natural resource rich countries as Algeria, Angola, the Libyan Arab Jamahiriya, Mauritania, Nigeria and South Africa are expected to receive more FDI.

Over the longer term, the aim should be to conclude an international agreement on resource management. Notwithstanding resource rich developing countries positive prospects, the sustainable management of natural resources, like efforts to promote financial transparency, requires global coordination.

According to Bloomberg, Russia is considered well ahead of most other resource rich countries in its economic development, with a long tradition of education, science, and industry.

Regrettably, our efforts to build up our own human resource base by utilizing scarce development resources are being thwarted by the recruitment policies of some rich developed countries.

Yet rich countries also fail.

Nor are rich countries immune.

Indeed, a robust extractive industry and investment in sustainable development would boost economic prospects for the 100 or so resource rich developing countries and their roughly 3.5 billion people.

CAMBRIDGE Almost all rich countries are rich because they exploit technological progress.

So far, China s FDI outflows have been concentrated in developing countries and a handful of resource rich developed countries, including Australia and Canada, and have been aimed at facilitating trade and acquiring access to natural resources.

By contrast, vast tracts of disputed land are at stake in the resource rich Himalayan region.

Sustained rapid growth is the result of poorer countries catching up to rich countries productivity levels not of growth in the rich countries themselves.

Developing countries blame rich countries for the lack of progress.

With Europe mired in crisis, capital flows from Tunisia s resource rich Arab neighbors are its best hope.

All sides accept that this large and resource rich country has under performed for far too long.

In resource rich countries, with all the tests and treatment we currently have, less than two percent of babies are born HIV positive 98 percent of babies are born HIV negative.

This pressure is compounded in resource rich Latin American countries by the increase in commodity prices caused by a similar search for yield and by the fall in the dollar s value.

Even in rich countries, it usually isn t the rich who die in natural disasters.

People migrate from poor countries, from middle income countries, and from rich countries.

Moreover, Malaysia s multiracial, multi cultural society made it more vulnerable to civil strife, which has occurred in many other resource rich countries, as one group tried to seize the wealth for itself.

As global environmental problems frequently create additional stresses on the local resource bases of the world s poorest people, GNP growth in rich countries can fuel downward pressure on the wealth of the poor.

While a handful of commodity rich countries have managed to buck the curse, including Botswana, Chile, and Norway, they have, nevertheless, failed to diversify their economies, remaining dependent on natural resource based exports.

While surging commodity prices are helping poor farmers and poor resource rich countries, they are a catastrophe for the urban poor, some of whom spend 50 or more of their income on food.

Rich countries should therefore lend their allocations to the countries in need.

Resource rich developing countries rising tax revenues reflect not only higher commodity prices, but also international rules that have improved financial transparency in the oil, gas, and mining industries, reducing opportunities for tax evasion significantly.

By amplifying such exemplars into a national project, Guinea could join the small group of commodity rich countries that have bucked the curse of corruption and economic decay that often accompanies large natural resource endowments.

The mineral resource rich countries of Central Asia and Mongolia offer a unique set of landlocked cases to explore for further depth, as these are nations where economic growth has grown exceptionally in recent years.

Polluters must pay, whether in rich or poor countries.

But the rich countries have instead adopted failed strategies.

Rich G 20 countries could go further and faster.

Myth 5 Offshoring of jobs will devastate rich countries.

Poor countries cannot afford these investments on their own, so rich countries must help.

Contrary to much popular opinion, trade with poor countries does not pauperize rich countries.

More financial transparency is an important step toward better markets and good governance in resource rich countries, because it means less corruption, fraud, and tax evasion, as well as greater public participation and stronger democratic institutions.

The rich countries could easily come up with the money.