Underwood: Guam would be wise to broaden its revenue streams - KUAM.com-KUAM News: On Air. Online. On Demand.

Underwood: Guam would be wise to broaden its revenue streams

Posted: Updated:

Guam should not continue to rely on just tourism and the military to drive the local economy. Speaking before the Rotary Club, University of Guam President Dr. Robert Underwood says the two main drivers are not going away, but future growth should also focus on the knowledge economy.

"That future is here. The knowledge economy is the conjunction or rapid technological change, the reliance on brain power to apprehend the changes, the application of entrepreneurial skills to examine economic possibilities, and the support of government and society," Underwood proclaimed.

Underwood says Universities are the platforms for the knowledge economy, and the top countries understand that.  But he questions whether it is really a priority for the US, saying, "While the rest of the world is supporting their universities in order to discern and profit from the future, we sometimes spend too much time wondering whether we should pay for university education or not. Sometimes I wonder how many people in Guam understand the possibilities of post-secondary education."

Dr. Underwood suggests that there is now a new concept of integrated universities that provide an entrepreneurial eco-system in which they are the key providers of innovation.

  • NEWS HEADLINESMore>>

  • Defendant in church sex lawsuit fires back

    Defendant in church sex lawsuit fires back

    One named defendant in the clergy sexual abuse lawsuits fires back. Filed today in the District Court of Guam, Joe R. San Agustin, also known as Father Andrew San Agustin, responds to allegations of clergy sexual abuse and agrees for a request for a jury trial. If you recall, the former priest was named in a civil complaint filed by B.T., who was only identified by her initials to protect her identity. B.T. alleged San Agustin brought her and her sister to Guam for vacation. He all...More >>
    One named defendant in the clergy sexual abuse lawsuits fires back. Filed today in the District Court of Guam, Joe R. San Agustin, also known as Father Andrew San Agustin, responds to allegations of clergy sexual abuse and agrees for a request for a jury trial. If you recall, the former priest was named in a civil complaint filed by B.T., who was only identified by her initials to protect her identity. B.T. alleged San Agustin brought her and her sister to Guam for vacation. He all...More >>
  • GPA working on keeping costs down

    GPA working on keeping costs down

    The cutbacks keep on coming, as the Guam Power Authority has been working on its cost containment measures. GPA assistant general manager Melinda Camacho says it's been quite the challenge with the manpower they currently have. A plus, however, is they are able to keep the lights on. "We've maintained our overtime below our budget, we have not hired personnel. So as we even in generation, as retirees just through natural attrition, they are out there. So we are not hiring and we...More >>
    The cutbacks keep on coming, as the Guam Power Authority has been working on its cost containment measures. GPA assistant general manager Melinda Camacho says it's been quite the challenge with the manpower they currently have. A plus, however, is they are able to keep the lights on. "We've maintained our overtime below our budget, we have not hired personnel. So as we even in generation, as retirees just through natural attrition, they are out there. So we are not hiring and we...More >>
  • Warrants issued after Jason Ortiola and Roger Balicha no-show

    Warrants issued after Jason Ortiola and Roger Balicha no-show

    Bench warrants have been issued for two men arrested on drug charges. Jason Ortiola and Roger Balicha were no-shows to their Wednesday hearing. They have also repeatedly failed to report to probation for regular check-ins, as ordered by the court. Ortiola, we should note, is a former GPD officer who was fired from the force and sentenced in federal court for selling the drug "ICE" while in uniform with his duty weapon. Bail was set at $5,000 each for Ortiola and Balicha. C...More >>
    Bench warrants have been issued for two men arrested on drug charges. Jason Ortiola and Roger Balicha were no-shows to their Wednesday hearing. They have also repeatedly failed to report to probation for regular check-ins, as ordered by the court. Ortiola, we should note, is a former GPD officer who was fired from the force and sentenced in federal court for selling the drug "ICE" while in uniform with his duty weapon. Bail was set at $5,000 each for Ortiola and Balicha. C...More >>
Powered by Frankly