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Showing posts with label Panama's economy. Show all posts
Showing posts with label Panama's economy. Show all posts

Saturday, April 23, 2011

Commentary: Panama's economy is booming, but institutions aren't

PANAMA CITY — Latin America's most strategically located country is booming, and its current prosperity is expected to accelerate in coming years thanks to a windfall of profits from the Panama Canal's expansion. And yet, there are fears about the country's future.

There is widespread anxiety — including from senior U.S. diplomats, according to recently released WikiLeaks cables — that President Ricardo Martinelli's bullying governing style might lead to an excessive accumulation of powers, increased corruption, political turbulence, capital flight, and an economic downturn.