Analysis of the Economy of Panama

The acres of leghorns prudence has flourished and grown boss to Latin America, as head as the world as a whole. straw hat is an emerge powerhouse in Latin America due to their case revenue streams from the services sector. Panama has consistently grown for the noncurrent fifteen years and has plans in place for that to continue. During the Citi presentation, Manuel Abascal claimed Panamas accepted gross domestic product issue was 10.7% in 2013 compared to Latin America and the world outgrowth by, 3.3% and 3.2% respectively (Abascal). Panama too has had considerable higher real GDP percentage growth than both of these comparable statistics since 2007 (Abascal). The following study positive statistic is their wither debt. The Panamanian government had adopt a highly discipline debt control mandate, resulting in change magnitude its public debt from 70.4% in 2004 to 39.6% in 2012 (Abascal). They as well boast near full employment levels, with a minuscule 4% unemployme nt (Abascal). wake these three core facts could advantageously suggest Panama is undergoing an economical boom, which is particularly unique, because a legal age of the world is recovering from the globose financial collapse. Panama also withstood the damage from the collapse punter than most other countries, eyesight their growth decrease as expected, but keeping unemployment step-up low.\nThe question is, why Panama? Panama possesses a clear-cut competitive advantage that has been grammatical construction up and may be close to achieving its maximized potential in the 21st one C. The solitary severalize is its inherited geography. Panama is a vital member of the earths indwelling bridge between the both American continents but, that could be state about a handful of Latin American countries. On August 15, 1914 the Panama canalise was completed and connected the Atlantic Ocean to the Pacific Ocean. It brought the eastward and West together. It was a major stepping st one to the 20th century growth of the global economy and was the beginning of Pan...