Panama

Panama (Spanish: Panamá) is the southernmost country of Central America. It constitutes the last part of a natural land bridge between the North American and South American continents. It borders Costa Rica to the west and Colombia to the east.

Economy

Main article: Economy of Panama

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Because of its key geographic location, Panama's economy is service-based, heavily weighted toward banking, commerce, and tourism. The handover of the canal and military installations by the US has given rise to new construction projects. The Moscoso administration inherited an economy that is much more structurally sound and liberalized than the one inherited by its predecessor. However, due to widespread corruption in the Moscoso Administration, the current administration inherited the worst economy in Panama's history and the nation is continuously threatened by general strikes and walk-outs.

Related Topics:
Moscoso

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The current president Martín Torrijos, has applied new fiscal policies, that although are necessary to correct macroeconomical imbalances of the panamanian economy, are widely unpopular, plummeting his approval even below that of Manuel Antonio Noriega

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