Word: riche
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Dates: during 1960-1969
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...export earnings. For the two companies, which decline to estimate the total value of the Putumayo find, the project may initiate a far-ranging cooperative exploratory effort. Texaco and Gulf have already staked a claim on 5,000,000 acres in neighboring Ecuador, where last spring they discovered a rich oil field. Geologists, moreover, venture that the Colombia-Ecuador finds are only the beginning, and that much more oil will be found along the eastern slopes of the Andes...
...able to give it will face each other for a month of discussions at the second United Nations Council on Trade and Development (UNCTAD). The question they have to answer is whether the poor nations of the world are ever going to be able to catch up with the rich ones...
...atmosphere of urgency surrounds the conference, caused by the realization that time is running out for the undeveloped, poor countries. The rich countries know this means time is running out for them...
...absurd to think that any rich nation can survive when most of the world is starving," a Belgian diplomat said. "No one will be safe unless we build a solid middle-class of countries...
...chilling realization facing the diplomats at the conference is that free trade hasn't worked. In the last ten years, the gap between the rich countries and the poor has been growing. And unless change comes soon, the outlook for the future is even worse...