Open AccessThe Panama Canal as a Factor of Panama’s Economic Growth
Author(s) -
Katarzyna Sierocińska
Publication year - 2017
Publication title -
estudios latinoamericanos
Language(s) - English
Resource type - Journals
ISSN - 0137-3080
DOI - 10.36447/estudios2017.v36-37.art13
Subject(s) - panama , panama canal , latin americans , geography , political science , environmental science , water resource management , ecology , biology , law
Between 2005 and 2016, the economic growth of Panama was at an average annual rate of 7.8%, the fastest in Latin America. Th e purpose of this article is to present the Panama Canal as a key factor foraccelerated economic growth. Th e gain of full control of the Canal since December, 31, 1999 and the termination of the Panama Canal expansion project in 2016 aff ected the whole Panamanian economythrough four main types of infl uence: direct, indirect, induced and parallel.