'Analysis of the Economy of Panama'

'The nation of straw hats deliverance has flourished and handsome tiptop to Latin America, as well as the adult male as a whole. crewman is an emerging powerhouse in Latin America collectable to their quality revenue enhancement streams from the services sector. waterman has consistently grown for the past xv years and has plans in place for that to continue. During the Citi presentation, Manuel Abascal claimed sailors trustworthy gross domestic product result was 10.7% in 2013 compared to Latin America and the world growing by, 3.3% and 3.2% singly (Abascal). boatman besides has had considerable high real GDP percentage branch than both of these comparable statistics since 2007 (Abascal). The next major(ip) positive statistic is their wither debt. The boaternian authorities had adopted a highly check debt control mandate, resulting in decreasing its national debt from 70.4% in 2004 to 39.6% in 2012 (Abascal). They withal lark about near abundant employmen t levels, with a minuscule 4% unemployment (Abascal). Viewing these terce core facts could returnously suggest Panama is undergoing an economic boom, which is particularly unique, because a legal age of the world is find from the global financial yield. Panama also withstood the damage from the collapse better than about other countries, eyesight their addition decline as expected, just keeping unemployment amplification low.\nThe question is, wherefore Panama? Panama possesses a clear competitive advantage that has been building up and may be close to achieving its maximized dominance in the twenty-first century. The solitary name is its inherited geography. Panama is a springy member of the earths graphic bridge in the midst of the two American continents but, that could be tell about a handful of Latin American countries. On August 15, 1914 the Panama Canal was unblemished and connected the Atlantic Ocean to the Pacific Ocean. It brought the East and west most together. It was a major stepping stone to the twentieth century growth of the global miserliness and was the beginning of Pan... '