Underwood: FSM did well with Compact of Free Association - KUAM.com-KUAM News: On Air. Online. On Demand.

Underwood: FSM did well with Compact of Free Association

Posted: Updated:

Thirty years after the signing of the Compact of Free Association, one longtime political observer says the Federated States of Micronesia did well in its landmark deal with the United States.  Former congressman and current University of Guam president Dr. Robert Underwood has written extensively about the FSM over the years, and says it's even progressed quicker than Guam.

"So if you look at the trajectory of political status development, at one point in time in the 60's it looked like the trust territories, the Pacific islands, were way behind and Guam was a lot closer and had a great deal with the US and then over time everybody just kind of leapfrogged along, and Guam is still essentially in the same situation it was in the 60's," he explained.

Underwood says he believes the US will strike a new deal with the FSM before the Compact expires in a few years.  That's because China is already making overtures, and building relationships with the federated states that the US cannot ignore, noting, "It's crucial to maintain a friendly partnership with the Federated States of Micronesia, because that's a big hole in the middle of the ocean to manage."

Underwood also speculated, "I think it behooves US planners to figure out how to cement this relationship and keep it going rather than worry about accountability or trying to get them on some important points, but certainly minor in comparison to the overall strategic posture that we face here in the North Pacific."

Underwood says the biggest hurdle to the FSM's economic development is its aversion to foreign investment.  He says the FSM could accelerate its growth and bring home its citizens who left for other countries, if it were more open to outside capital. 

  • NEWS HEADLINESMore>>

  • Feral pigs will be removed from Naval Base Guam property

    Feral pigs will be removed from Naval Base Guam property

    Getting a handle on the feral pig population, Naval Base Guam confirming the start of a cooperative agreement with non-profit conservation organization, White Buffalo Inc. This project, which runs from now through May of next year, will work to remove all non-native feral pigs from the base property in Santa Rita. Officials say high population densities of feral pigs have devastating effects on the environment, impacting native species and causing large scale erosion. USDA regulatio...More >>
    Getting a handle on the feral pig population, Naval Base Guam confirming the start of a cooperative agreement with non-profit conservation organization, White Buffalo Inc. This project, which runs from now through May of next year, will work to remove all non-native feral pigs from the base property in Santa Rita. Officials say high population densities of feral pigs have devastating effects on the environment, impacting native species and causing large scale erosion. USDA regulatio...More >>
  • Bank of Guam merges Santa Cruz branch with Hagatna HQ

    Bank of Guam merges Santa Cruz branch with Hagatna HQ

    On Tuesday, Bank of Guam celebrated the merging of the Santa Cruz branch with their headquarters in Hagatna. After more than 40 years, a time capsule that was buried at the Bank in 1975 was unveiled and is now on display. The last day of the Santa Cruz Branch operations is Monday December 11, 2017.More >>
    On Tuesday, Bank of Guam celebrated the merging of the Santa Cruz branch with their headquarters in Hagatna. After more than 40 years, a time capsule that was buried at the Bank in 1975 was unveiled and is now on display. The last day of the Santa Cruz Branch operations is Monday December 11, 2017.More >>
  • DOE schools closed for Black Friday

    DOE schools closed for Black Friday

    Just as a reminder - Friday the 24th  has been declared a Government of Guam holiday by Governor Eddie Calvo. There will be no classes held for any of the island's public schools. Classes will resume on Monday.More >>
    Just as a reminder - Friday the 24th  has been declared a Government of Guam holiday by Governor Eddie Calvo. There will be no classes held for any of the island's public schools. Classes will resume on Monday.More >>
Powered by Frankly