In Palau, the environment is the economy. Steven Victor - The Nature Conservancy
b'In this two-part series, Business Class explores the business policies on the small island nation of Palau. We hear that choosing to protect the nation\\u2019s environment is a long term business decision.\\n\\nIn Part 1 - we talk tuna. We learn how small countries of the region formed an alliance to protect tuna stocks in their waters from the fishing giants of the world. We also explore Palau\\u2019s business model of protecting and enhancing coral reefs to attract high-value SCUBA diving tourists. We study what happens when a country manages the environment as its primary business asset.\\n\\nWe spoke with Steven Victor, the Director of The Nature Conservancy\\u2019s Micronesia Program.\\n\\nIn Part 2 we look at Palau\\u2019s business model of local farming and fishing, and see that no matter the size \\u2013 a business faces the same questions and problems.'