During one of my channel surfing moments, I hit upon a Current TV Vanguard episode. This episode was about the declining economical conditions of Saipan, an island located in the Pacific Ocean near Japan. Wikipedia
What particularly held my interest about this island was the impact of its manufactures loss, primarily the textile industry, and how it has affected the Siapan communities economic stabilities. Sound familiar?
I used to be employed as the US Sales Representative by a S. Korean textile company named Beautec Vina. They had open another operation in Vietnam and during my training they had brought up Siapan and how that the island was losing its textile manufactures to Vietnam because of better incentives and overall costs.
I wanted to provide for you the video for that Current TV Vanguard episode so you can understand more as to why we as a community need to Think Global, Act Local. When you loss business you loss revenue for the general fund and everything else from state and national operation. I want to aid in our economy by reinforcing our foundations and aiding in the creation of new foundations.
Also pay attention as to where the textile company will open its doors next. Hint, Hint!
Thanks,
Shane
Once the ultimate globalization success story, the island of Saipan now faces one of the fastest economic collapses in history. After suffering a harsh history of military struggles as well as a temporary economic boom after becoming a U.S. commonwealth, the island now stands devastated. Scores of factories remain empty, rotting shopping centers litter the country, and former factory workers turn to the sex industry for survival. Adam Yamaguchi visits Saipan to document the rise and sudden collapse of a tiny piece of America
