Puerto Rico Economic Pulse ©

January 2007: The Blossoming Isthmus

On the economic boom in Panama and lessons for Puerto Rico

Panama is experiencing an economic boom like never before. Known worldwide for the Panama Canal, one of the modern marvels from the past century, this country has managed to overcome pessimism and doubts, and is proving what a small country can do.   A very open economy, which relies heavily on the export of services, Panama is embarked on ambitious projects to take the country to new heights.  The Canal expansion, an avalanche of magnificent skyscrapers, an unstoppable international financial center and an upcoming free trade agreement with the US are among the strengths and achievements that Panama can proudly boast.  Find out how PR can draw some valuable lessons from Panama.