...to be brought into Panama. This is a site to hold containers and tons of merchandise with the best designer labels. It has accounted for $10 billion a year to be brought into the country. That is 7.5% of the GDP. The Panama Canal is home to the largest and most important shipping lines in the world. The canal is the cornerstone of the Panama economy. Increasing foreign investments is the goal in order to fuel the growth of the Panama economy. Real estate prices are soaring here and new commercial projects and residential communities are popping up everywhere. There is also 0% employment here because of the land-rush. Panama was recently rated number one to retire in for its quality of life, securities, health services and value for your money. Point of View: This will have much value to both Panama and US companies as imports are accounting for 45% of the Panama income brought in. The Panama Canal is welcoming more and more shipments, increasing sales to both countries. Panama is also expanding their businesses located there encouraging US companies to expand into the territory. This is very good for the US as it will increase sales and provide more income into the US. Panama companies will continue to thrive, and so will the US businesses conducting business with them. Panama is providing many opportunities for advancement, and is attracting many people to move there. It seems as though right now any US companies looking to expand into Panama would only benefit...
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...Brazil and Panama Labor Relations Labor relations have been characterized over the years by strong attachment of emergency needs. As in other nations of the world, the labor relations in Brazil and Panama the maintenance of labor relations are mutual interests of the countries. The worker sells his labor power in exchange of a fee. While the employer gains from the profits earned from the labor of his employee. Wages value guarantees the maintenance of labor relations in these countries and the world (Business Dictionary). In Brazil, the economic dependency was already noticeable in the agrarian export period, when the country depended on foreign markets, consumer products and their primary supplier of industrial products. Nowadays, with the globalization process, where the capital have lost their nationality and become volatile as a rain cloud, which at any time can be taken to another place by a strong wind, the economic dependence became a nightmare (Gomez, 2014). The financial system that drives the technological renovation of these two countries industries does not have self-sufficiency. This weakness puts Brazil and Panama industrial development on feet of clay. Secondly, it is worth remembering that these countries remain in some agricultural export sectors. So, still selling their cheap primary products and buying technology and seeking financing, which are the most expensive elements of the market. This analysis allows us to build the argument that places like...
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...Business October 27, 2013 Panama is located between Colombia and Costa Rica in Central America. Panama is literally a land bridge between North and South America, and its territorial size is slightly smaller than North Carolina. Panama has a population of approximately 3,608,431 people. 70 percent are Mestizo (Mixed Amerindian and white), 14 percent Amerindian and mixed (West Indian), 10 percent White, and 6 percent Amerindian. Panama has one of the fastest growing economies in Latin America. The president of Panama is Ricardo Martinelli and has a constitutional democracy as its political system. The Civil law system is Panama’s form of law, and the Democratic Change is the political party in power. Founded in the World Fact Book, major products that are exported are gold, bananas, shrimp sugar, iron, steel waste, pineapples, and watermelons and the top exporters are the United States, Canada, Costa Rica, Netherlands, Sweden and China. The major imports are fuel products, medicines, vehicles, iron & steel rods, and cellular phones. The major countries imported are United States, China, Costa Rico, and Mexico. The Panama’s currency is the Panamanian Balboa (PAB) and the currency is freely exchanged. (The World Fact Book) Panama was discovered by the Spanish in the 16th century, and moved from Spain in 1821 and joined the Republic of Gran Colombia - which included Colombia, Ecuador, and Venezuela. With help from the United States, Panama seceded from Colombia and signed...
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...in the Caribbean were pulled into a predictable, gendered, labor pattern operating at investment sites in the region. In this pattern poor men leave home to find temporary, labor-intensive employment in the initial phases of economic development. Women follow later to take up more permanent service employment as maids, domestics, and cleaners” (Almer, 99). The significance of the quote is its showing the emergence of a labor model that has shaped the Caribbean for generations. In the beginning of the twentieth century poor eastern Caribbean women followed male migrant workers to various places such as: the Panama Canal, Cuba, Dominican Republic, Trinidad, Curacao, and Aruba in order to provide for their families. Eastern Caribbean women have developed their own family model, which include non-marital relationships and freedom to travel for work. According to eastern Caribbean social norms poor women are expected to have children and support them financially. This results in women leaving their children with extended family and supporting them by working in distant places (99). During the Pre-1960s women migrant workers found employment as seamstresses, cooks, laundresses, and maids at labor camps located in the Panama Canal Zone, Cuba, and the Dominican Republic (100). When employment on these islands decreased, women followed the labor migrant pattern again by traveling to Trinidad, Curacao and Aruba to perform domestic work (101). “The female labor migrants experienced...
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...Fitchburg State University Economics of Panama A Brief History Daniel Landry, Nicole Fontaine International Business Management Dr. Noonan May 7, 2015 The country of Panama is one of the most important regions of the world for the trade industry. Its geographic position has been the lifeline of the Panamanian economy since the discovery of the Isthmus of Panama by Rodrigo de Bastidas (Cite). The Isthmus of Panama is the narrow stretch of land that separates the Pacific and the Atlantic oceans. This was controlled along with the rest of the country by Spain until 1821 when they became a part of Columbia. In the year 1903 Panama became an independent republic and it established its modern governmental system. The executive branch of government is led by a President and Vice-President whom are “democratically elected for a five year term by direct vote”(Cite). There are several key elements that keep Panama afloat economically. The most important factor in Panama’s economy is the Panama Canal. This is one of the largest civil engineering projects completed and allowed an alternative to the ever-sought after Northwest Passage. The country has several exports that help the economy but nothing that drives it significantly. There are also many imports that the country has been made available to because of their massive trade route. In addition, there are areas like the Colón Free Trade Zone where increased trade is encouraged and achieved. This paper will discuss these major...
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...passion for the sports business. EDUCATION High School- Panamerican School, Panama City, Panama Bachelor of Science, Business Administration University of Arkansas at Pine Bluff, Pine Bluff, Arkansas 3.8 GPA Major: Business Administration December 2013 Minor: Marketing HONORS AND ACHIEVEMENTS * Academic and Athletic scholarship * Student-Athlete part of a Division I men’s tennis team * Member of the Honors College Society * Member of the First Class for Chi Alpha Sigma Honor Society * 2011,2012 and 2013 Academic Excellence award * 2012 H.O Clemmons Award: given annually to an outstanding athlete that exhibits good citizenship, and demonstrate professional promise and good moral character. The recipient must also have a GPA of 2.50 or higher. * 2013 Class of 1965 Scholarship * 2011-12-13 Student-Athlete Advisory Council member (SAAC) SKILLS Microsoft Office (MS Word, MS Excel, MS Power Point, MS Access) Bloomberg desktop RELEVANT COURSE WORK Principles of Economics I & II International Marketing Business Ethics Marketing Research Principles of Marketing Business Statistics Advertising Business Law Employment Automarket (best car dealership in Panama) Summer 2011 (2 Months) * Developed marketing...
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...THEORIES OF THE LOCATION OF FOREIGN DIRECT INVESTMENT 1. INTRODUCTION The movement of capital as foreign direct investment (FDI) that has been seen in the world, and their concentrations at international and regional level has led, for decades now, to the emergence of various theories that intend to explain and justify why that motivate and manage to be determining what factors to establish the place in which it was made. The main ideas of these approaches are discussed briefly herein in order to elaborate on this phenomenon, although there is no agreed explanation regarding the causes of the location of this type of investment and of the features that must meet the destination to attract this level of investment. FDI globally decreased 18% in 20121, reaching USD 1.35 billion. The fragile state of the global economy and the uncertain situation in politics were the main causes. Considering the estimates of the United Nations Conference on Trade and Development (UNCTAD), by the end of the year 2013 FDI will have reached a level close to the 2012 level. With the gradual improvement in macroeconomic conditions globally will increase investor confidence in the medium term, "transnational corporations (TNCs) could convert their record levels of cash holdings in new investments. FDI flows could then reach the level of 1.6 billion dollars in 2014 and 1.8 billion in 2015 "(see Figure 1), although the agency warns that there is a risk that a decline in FDI share...
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...tens of thousands of foreign retirees, mostly Americans, to the country in the 1980s and 1990s. While the pensionado visa is still available in Costa Rica, many of the tax breaks and other special perks it once offerened have been discontinued. Costa Rica has also become expensive, both as a place to live and a place to own a home. For these reasons, while Costa Rica is perhaps the world’s best-known overseas retirement haven, it no longer qualifies as one of the best. This led me to search for countries that would fit the needs of those looking to retire outside of the United States. I am happy to report that I found the three countries of Belize, Panama, and Malaysia which more than fit the requirements. The first country on the list is Panama, which has picked up where Costa Rica left off. Officially the Republic of Panama it is the southernmost country of Central America. It is situated on the isthmus connecting North and South America. It is bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean to the north, and the Pacific Ocean to the south. The capital is...
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...chose to interview a friend of mine whose name is Ernesto. Ernesto has a security clearance with the federal government and for that reason; he asked me not to use his last name. Understanding the sensitivities surrounding security clearances, I agreed. Comparing Family Backgrounds Ernesto was born in Panama in 1966. He is married with two kids and currently resides in Maryland. In 1976, at the age of ten, Ernesto and his family immigrated to the United States. He initially it found difficult adjusting to American life, primarily because of the language barrier. He was educated in Panama up until the six-grade, and ultimately finished his primary education in the United States. Not long after that he entered the military, where he ultimately retired and now works for the federal government. I am also married with six kids and reside in Maryland. Ernesto and I have taken similar career paths, in that, I also retired from the military. Actually, we met as our military paths crossed. Unlike him, I never had to relocate to a strange country. It is hard to imagine the anxiety his family had to go through. Ernesto had a difficult but interesting life growing up in Panama. Ernesto has four brothers and sisters...
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...PROJECT PART 1. EXPLORATION OF RISK: CONSTRUCTION OF THE THIRD SHIPPING LANE THROUGH THE PANAMA CANAL Presented to: R. Hiles PM595 Prepared by: Carlton D. Clyburn Jr. OCTOBER 2012 TABLE OF CONTENTS I. Introduction 3 II. Exploration of Risks 4 III. Fault Trees 4 a. Fault Tree: Project Completion Delay 5 b. Fault Tree: Changes in Cost Projections (Overruns) 6 IV. Conclusion 7 V. References 8 Introduction Construction of a third shipping lane through the Panama Canal has begun and it is a collaboration of contractors and manufacturers from around the globe working in unison to exacting concrete and design specifications. The Panama Canal’s third lane expansion involves building enormous new locks that will accommodate the new generation of shipping vessels that are about three times the size of “Panamax” ships constructed to fit precisely in the existing canal’s lock chambers. According to the vessel glossary of the World Trade Ref, the Panamax is defined as: “An ocean-going cargo vessel of the maximum size possible to pass through the locks of the Panama Canal, which are 1000ft long by 110ft wide and 85ft deep. These vessels are typically of 50,000 to 80,000 dwt, 965ft (290m) in length; 106ft. (32.3m) beam; and 39.5ft (12.04m) draft.” The new locks on the Atlantic and Pacific entrances will consist of a trio of chambers measuring 1400ft (427m) long, 180ft (55m)...
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...National Assembly interpreted the constitution of 1875 in a different light than MacMahon. The Constitution of 1875 had established a week presidency and promoted a parliamentary system helping to bring an end to the royalist political force in France. Ferry Laws-Laws establishing a public education system in france. Jules Ferry as the Minister of education created a national education system. Basic schooling became maditory for children of all socio-economic background. Helped establish a sentiment of unity with in differing socio-economic groups. Teachers were require to get certified by the national bureau of education, removed church from the French educational system The ‘other trench’ Panama Canal Scandal – French Construction company is searching for funding to build Canal in Panama. Jewish contractors approach parliament asking for money to invest in Canal project. The proposal was rejected therefore the Jewish Contractor make under the table deals with individual members of parliament. When funding is finally secured, it is too late and the project goes bankrupt. Jewish contractors decide they are going to reveal members of parliament who participated in corruption. The names were leaked to a anti-Semitic...
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...Recession A significant decline in activity across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP); although the National Bureau of Economic Research (NBER) does not necessarily need to see this occur to call a recession. Recession is a normal (albeit unpleasant) part of the business cycle; however, one-time crisis events can often trigger the onset of a recession. The global recession of 2008-2009 brought a great amount of attention to the risky investment strategies used by many large financial institutions, along with the truly global nature of the financial system. As a result of such a wide-spread global recession, the economies of virtually all the world's developed and developing nations suffered extreme set-backs and numerous government policies were implemented to help prevent a similar future financial crisis. A recession generally lasts from six to 18 months, and interest rates usually fall in during these months to stimulate the economy by offering cheap rates at which to borrow money. The sharp decline in economic activity during the late 2000s, which is generally considered the largest downturn since the Great Depression. The term “Great Recession” applies to both the U.S. recession – officially lasting from December 2007...
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...University of Phoenix Material American Imperialism Part 1 Complete the chart by identifying the following: • Identify the countries or areas where the United States engaged in imperialistic actions during the period from about 1870 to 1914. (Michele Stafford) • Discuss why each area was important to American empire building (political, economic, and social). - KRISTY • Explain America’s expansionist ideals. What were some of the factors that justified American imperialist actions? • Identify the current political status of these places in relation to the United States. Age of Imperialism: 1870 to 1914 Place (Michele Stafford) Why was there interest? (KRISTY) U.S. actions Status today Samoa America was interested in the small islands located across the Pacific. A territory of the United States/ Of American Samoa. http://www.state.gov/r/pa/ei/bgn/1842.htm Hawaii Expanding the American forces using the Island as a naval base, and entering the sugar can market allowing for the product to exported making a big profit. Small amount of white sugar planters revolted on 1893 with America’s military that would assist. August 18, 1959, Hawaii was admitted to the Union. Hawaii is a state. http://www.hawaii-nation.org/statehood.html Latin-America America wanted to take over the control of the outside business being conducted. America wanted to succeed in opening new businesses in and out of Latin America Many challenges remain, but...
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...What is the current state of Latin American international relations, particularly relations with the United States? What is unique or “new” about the present situation? How much have we seen before? Make sure to discuss both economic and geo-political/security dimensions, and make reference to at least two historical periods, whether identified by particular doctrines, presidencies, or regimes of international relations. Current state of Latin Ameican international relations with the US— * Emerging independence from US—US is no longer the immediate partner of choice. Regional resentment of US perceived self-serving exercises of power * Economics: * Increased intra-regional economic integration—ALBA, UNOSUR * Expanding economic partners outside the hemisphere—China * Security: * States worry about subordination to the “gringos.” Address problems themselves or with immediate neighbors, rely less on US— * LatinAmerican presidents joined together to defuse tension between Colombia and Ecuador/Venezuela after Colombia’s March 2008 raid inside Ecuador * South American Defense Council (2008)—aimed at institutionalizing and coordinating “defense and security policies in the region while preventing and mediating conflicts within South America * United States: * Economic dependence on the region on the rise— * 50% of US energy imports (largest share accounted for by any region) * 32% of all US FDI ...
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...Government Policies for Economic Growth and Productivity Michael Pintar ECN400 – Managerial Economics Colorado State University Global Campus Dr. John Speir November 11, 2012 Government Policies for Economic Growth and Productivity Michael Pintar ECN400 – Managerial Economics Colorado State University Global Campus Dr. John Speir November 11, 2012 Government Policies for Economic Growth and Productivity Government policy for promoting economic growth and productivity has tremendous bearing on our standards of living today and our future. Our policymakers’ ability to exercise proper fundamentals of economic growth determine the livelihood of our next generations (Mankiw, 2012). Whether policies encourage savings and investment, fund R&D, practice free trade, or promote education, the government has many tools and options for controlling our quality of life. Savings and Investment One method of boosting growth and raising standards of living is by government encouragement of savings and investment in an effort to raise capital. Unfortunately, the economic trade-off to achieve more capital requires reduced present day spending on goods and services in exchange for higher future consumption (Mankiw, 2012). To encourage savings, the government may consider a few principal actions: 1), raising current interest rates, thereby reducing demand for loanable funds and encouraging incentive to save, and / or 2), a tax reform intended for reduction of...
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