The Panama Canal Expansion Is a Risky Bet That Panama Didn’t Need to Make

Machinery and cranes tower over the construction site of the Panama Canal's expansion project, Cocoli, Panama City, Feb. 5, 2014 (AP photo by Arnulfo Franco).
Machinery and cranes tower over the construction site of the Panama Canal's expansion project, Cocoli, Panama City, Feb. 5, 2014 (AP photo by Arnulfo Franco).
SUBSCRIBE NOW
Free Newsletter

The $5.25 billion expansion of the Panama Canal, which officially opened in late June, tripling the size of vessels the canal can accommodate, is about more than just bigger ships. Unlike in 1914 when the opening of the canal made unimaginable trade routes possible, boosting the economies of the United States and many others, the expanded canal may have the biggest impact on Panama’s own economy. But the potential rewards also come with major risks. The canal’s ability to handle much larger ships will greatly facilitate shipping between the Pacific and Atlantic oceans. Among other things, U.S. grain exports from […]

TO READ MORE

Enter your email to get instant access to this article and to receive our free email newsletter:

Or, Subscribe now to get full access.

Already a subscriber? Log in here .

What you’ll get with an All-Access subscription to World Politics Review:

A WPR subscription is like no other resource — it’s like having your own personal researcher and analyst for news and events around the globe. Become a member now, and you’ll get:

  • Immediate and instant access to the full searchable library of 15,000+ articles
  • Daily articles with original analysis, written by leading topic experts, delivered to you every weekday
  • Daily links to must-read news, analysis, and opinion from top sources around the globe, curated by our keen-eyed team of editors
  • Weekly in-depth reports, including features on important countries and issues.
  • Your choice of weekly region-specific newsletters, delivered to your inbox.
  • Smartphone- and tablet-friendly website.

And all of this is available to you — right now for just $12 for the first 12 weeks.

More World Politics Review