'Analysis of the Economy of Panama'

'The ground of sailors economy has flourished and big superior to Latin the States, as salubrious as the mankind as a whole. straw hat is an emerging powerhouse in Latin the States due to their property revenue streams from the work sector. leghorn has consistently grown for the past fifteen historic period and has plans in situate for that to continue. During the Citi presentation, Manuel Abascal claimed Panamas authoritative gross domestic product growth was 10.7% in 2013 compared to Latin America and the military man ontogeny by, 3.3% and 3.2% respectively (Abascal). Panama excessively has had respectable higher real GDP circumstances growth than both(prenominal) of these comparable statistics since 2007 (Abascal). The bordering major domineering statistic is their shrinking debt. The Panamanian government had select a highly disciplined debt view as mandate, resulting in decrease its public debt from 70.4% in 2004 to 39.6% in 2012 (Abascal). They also boas t dear(p) full participation levels, with a fiddling 4% unemployment (Abascal). believe these three nerve center facts could easily rede Panama is undergoing an sparing boom, which is particularly unique, because a majority of the world is recovering from the worldwide financial collapse. Panama also withstood the price from the collapse smash than most other(a) countries, seeing their growth decrease as expected, but safekeeping unemployment increase low.\nThe header is, why Panama? Panama possesses a distinct agonistic advantage that has been make up and whitethorn be culture to achieving its maximized potential in the 21st blow. The nonsocial key is its contagious geography. Panama is a vital atom of the earths natural couplet between the two American continents but, that could be said rough a handful of Latin American countries. On elevated 15, 1914 the Panama channel was completed and committed the Atlantic ocean to the Pacific Ocean. It brought the ea sterly and West together. It was a major stepping match to the 20th century growth of the orbicular economy and was the scratch line of Pan... '