'Analysis of the Economy of Panama'

'The nation of sailor boys saving has flourished and adult headmaster to Latin America, as well as the field as a whole. navy man is an emerging powerhouse in Latin America cod to their quality receipts streams from the services sector. boatman 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 hearty gross domestic product festering was 10.7% in 2013 compared to Latin America and the world growing by, 3.3% and 3.2% independently (Abascal). navy man alike has had considerable high real GDP percentage issue than both of these like statistics since 2007 (Abascal). The next study positive statistic is their shrink debt. The boatmannian regime had adopted a highly condition debt control mandate, resulting in decreasing its prevalent debt from 70.4% in 2004 to 39.6% in 2012 (Abascal). They as well splash near plenteous employment levels, with a minuscule 4% unem ployment (Abascal). Viewing these tercet core facts could considerably suggest Panama is undergoing an economic boom, which is oddly unique, because a mass of the world is get from the global monetary wear. Panama also withstood the damage from the collapse better than close other countries, see their growth step-down as expected, exclusively keeping unemployment ontogenesis low.\nThe question is, wherefore Panama? Panama possesses a unequivocal competitive favor that has been building up and may be close to achieving its maximized electromotive force in the twenty-first century. The solitary rouge is its inherited geography. Panama is a springy member of the earths internal bridge amongst the two American continents but, that could be verbalise about a handful of Latin American countries. On August 15, 1914 the Panama Canal was effected and connected the Atlantic Ocean to the peaceable Ocean. It brought the East and westerly together. It was a major(ip) step ping stone to the twentieth century growth of the global economy and was the beginning of Pan... '