go to top
Panama City skyline, Oct. 15, 2012 (photo by Flickr user Jim Nix licensed under the Creative Commons Attribution-NonCommercial-ShareAlike 2.0 Generic license).

Latin American Tiger: Can Panama Get Expansion Right?

, Thursday, Oct. 16, 2014

For the past decade, Panama’s economy has been roaring. With GDP growth averaging 8.24 percent from 2003 to 2013, Panama’s economy looked more like that of the so-called East Asian Tigers than many of its neighbors, particularly to the north, and the comparison to Asia does not end there. As the government moves to widen the Panama Canal to accommodate wider shiploads and makes massive investments in infrastructure, including ports and the first-ever subway in the capital city, Panamanian authorities have proclaimed that they want to be the Singapore of the Western Hemisphere—the region’s main logistical hub.

While in terms of investment outlays, growth of the financial sector and overall GDP growth, that ambitious goal certainly seems possible, the question is whether politics—and in particular corruption—will ultimately drag down a country that on the surface, at least, seemed to be doing all the right things. ...

Want to Read the Rest?
Login or Subscribe Today.
Quarterly
$ 25 for 3 months
  • Two-week FREE trial access.
  • Cancel during trial and pay nothing.
  • Just $25 quarterly after trial.
Try It FREE
Annual
$ 75 for 1 year
  • Two-week FREE trial access.
  • Cancel during trial and pay nothing.
  • Just $75 annually after trial.
Try It FREE