Panama in 2011 had an unemployment rate of 2.7% That year its economy grew by 10.6% http://www.youtube.com/watch?v=T6LYOa1ouyc __________
Those 2.7% and 10.6% look quite intelligent to me. And there's a word needed for ''ludicrous'' to be backed called ''argument''...
Hahahhaha but Panama is really a democratic First World country, in close ties with USA. That's why it so far used the dollar.
http://www.economist.com/node/18959000 Panama's economy A Singapore for Central America? Latin America’s fastest-growing country has set its sights high. First it needs a government as impressive as its economy Jul 14th 2011 | PANAMA CITY Excerpt: ON A humid stretch of Pacific coast in one of the poorest parts of the Americas, somebody seems to have misplaced a chunk of Manhattan. The 50-storey skyscrapers of Panama City jut out of the jungle like nowhere else in low-rise Central America. Panama's smart banks, open economy and long queues of boats at its ports have caused many to compare it to Singapore, another steamy success story. Panama's president, Ricardo Martinelli, made his country's first state visit there in 2010 and later said, “We copy a lot from Singapore and we need to copy more.” Panama is not even one-fifth as rich as its Asian model on a per-person basis. But Singapore would envy its growth: from 2005 to 2010 its economy expanded by more than 8% a year, the fastest rate in the Americas. The IMF expects it to grow by over 6% a year during the next five years. Panama will soon overtake Costa Rica and Venezuela in GDP per head. Accounting for purchasing power, it is one of the five richest countries in mainland Latin America.
http://www.economist.com/node/18959000 Panama's economy A Singapore for Central America? Latin Americas fastest-growing country has set its sights high. First it needs a government as impressive as its economy Jul 14th 2011 | PANAMA CITY Excerpt: ON A humid stretch of Pacific coast in one of the poorest parts of the Americas, somebody seems to have misplaced a chunk of Manhattan. The 50-storey skyscrapers of Panama City jut out of the jungle like nowhere else in low-rise Central America. Panama's smart banks, open economy and long queues of boats at its ports have caused many to compare it to Singapore, another steamy success story. Panama's president, Ricardo Martinelli, made his country's first state visit there in 2010 and later said, We copy a lot from Singapore and we need to copy more. Panama is not even one-fifth as rich as its Asian model on a per-person basis. But Singapore would envy its growth: from 2005 to 2010 its economy expanded by more than 8% a year, the fastest rate in the Americas. The IMF expects it to grow by over 6% a year during the next five years. Panama will soon overtake Costa Rica and Venezuela in GDP per head. Accounting for purchasing power, it is one of the five richest countries in mainland Latin America.
See the link above re: Panama. Its not all sweetness and light. The city is dirty and education suffers.
The China is awesome, but China has poisoned the whole world with its cheap labor. And by the way, only eastern part of China is economically developed . In the central part of the China flourishing poverty.
What's there is a decayed, mutant form of communism even from a guy like Karl Marx perspective... if that guy was alive. That mixture of capitalism and communism doesn't work well indeed, neither for its people nor for many outside. The Chinese politicians are among the most corrupt that ever lived in the world and the level of tax evasion there is in accordance with this. This awesomeness all world beholds at is actually just a part of its true potential. Had there not been a tax evasion and stealing from the public fund several times its GDP as some say imagine where it would get. It hasn't been proved officially that this is how much corruption and tax evasion is in China but all agree it's fabulous and based on some things I heard both in the past and more recently I do believe it's truly likely to be several times its GDP.
Hah what geography? Tell me... is there geography in this electronically interconnected world? There is no distance in transactions and sharing of information between the stock exchange from any place to any other. As you have acknowledged, what is important is that there is economy > > > growth, order, and confidence in one place. Beyond that, Panama could be on the far side of the moon as far as economy is concerned. It takes the electromagnetic wave one sec to get the bank info transmitted to the Earth. Even if Panama was on Mars it would still just take, at the speed of light, 1 minute to get here...certainly much less than in 1929 when the American Stock Market Crash needed 3 days to be heard of by the large population, banks and businesses in Europe.
That really depends if they can enter the Eurozone without being a member of the European Union, which also has to do with geopolitical factors. Then, if they are able to, what does that say to EU members that aren't yet on the Euro. Lets remember how and why the EU started...it would shake things up a bit to be sure.
I don't see a reason why they shouldn't, for such pro-European country... USA also has Hawaii quite far away from the continent, lost in the Pacific somewhere. Also the Panamanians are Latins just like the Spanish. They are Spanish. They have European values and language and it would be quite a neat outpost that would facilitate relations with superpowers USA and Brazil. It wouldn't say anything. Panama is a strong economy and it would only increase confidence in the Euro and the EU/ it would help the economy in Europe and accelerate the joining the Euro process of those who aren't in the EZ - so it's even in their best interest. Those who aren't yet in the EZ accept and know they're not ready yet, none have a problem with that. The EU was started to promote peace and values of harmony and prosperity. Sharing that outside of it would show these fundamental beliefs are strong - because preaching home harmony means preaching world harmony. It would prove open-mindedness and dynamism, flexibility in the globalized world that accelerates in its change in demands and in the increasing need of people communicating, cooperating closely, strongly, directly, conclusively > > > because it's an era that demands coherence not late reactions.
