Economics professor analyzes DEIS

by Heather Hauswirth

Guam - University of Guam associate professor of economics and finance Dr. Claret Ruane presented her analysis of the Draft Environmental Impact Statement to the GEDA subcommittee today on what she calls the "spending multiplier". She criticized the DEIS for using a Hawaiian economic model, which she says does not accurately represent Guam's reality.

"Beyond the build up we want to see the economy propel itself independent of the buildup, so we are looking for ways to do it, discussing new industries, new skills that the labor force might need to have a better Guam," she said.

One of Dr. Ruane's ultimate goals is to prove how Guam can ultimately become the Pacific Tiger similar to Singapore, Hong Kong and Taiwan - all economic powers in the Pacific.