Posted February 5, 2009 | 06:57 PM (EST)
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.
Saipan's economy exploded as U.S. garment manufacturers such as the Gap, Wal-Mart, Calvin Klein and Ralph Lauren took advantage of cheap labor and absence of shipping quotas. In 2005, the World Trade Organization lifted these international shipping quotas, leaving Saipan with scores of empty factories, rotting shopping centers and former factory workers turning to the sex industry for survival.
Adam Yamaguchi visits Saipan to document the rise and sudden collapse of a tiny piece of America.
"Vanguard" airs every Wednesday at 10 p.m. ET/PT. "Vanguard" pods are also available on Current.com/Vanguard.
Watch the video:
Hi,
ReplyDeleteBlogFront.org is committed to uphold the quality standards of blogging. We strive to maintain and promote only the most credible blogs in their respective fields.
Spam blogs or "splogs" has been a problem for some time now and people are getting confused about which blog to trust.
We would like to thank you for maintaining such a reputable blog. We know that it takes time, effort and commitment to keep such a blog and as such, we have added your blog as one of the top Guam Blogs.
You can see your blog listed here: http://blogfront.org/guam
You can also claim your BlogFront Top Blogs badge at http://blogfront.org/badges/guam
Thank you for keeping your blog credible. Let's keep the blog revolution alive!
Maria Blanchard
BlogFront.org
Blog Revolucion