Previous Story
‘Specialized roles key for islands’ growth’
|
Posted on May 22 2005
Office of Insular Affairs economist Wali Osman said the CNMI could develop specialized roles for its major islands, projecting growth in tourism that remains a premier industry for the Commonwealth.
Osman made the statement before businessmen and government officials during the Marianas Roundtable dinner reception Friday.
Although the crux of Osman’s remarks focused on developing the CNMI’s education industry by implementing a program similar to the aborted Pacific Gateway project, he also suggested developing specialized roles for Saipan, Tinian, and Rota amid expected improvement in the tourism industry.
“With further improvement in the Japanese economy and more progress in China, there will be more tourists, no doubt. And there will be even more down the road from those other economies,” Osman said.
Osman said ecomonic growth in East Asian countries would translate to improved tourist arrivals into the CNMI.
“Within tourism services, you can develop somewhat specialized roles for each of the three large inhabited islands. Saipan may be the all-purpose destination. Tinian may focus on resort facilities and cater to resort enthusiasts. Rota may develop into a special meeting and convention spot for regional and world leaders,” Osman said.
“This will take time and money, but it is feasible,” the economist added.
But Osman stressed that developing the CNMI as an education hub in the region could translate to economic growth for the Commonwealth.
As demand for American language and business education in East Asia rises, Osman said that there would be greater demand for American-style education and training.
According to the economist, the market for higher education and instruction in English is quite large, especially in Asia, where 60 percent of the world’s population lives.
