Globalization And Panama Essay

2018 words - 9 pages

Since the turnover of the canal to Panama in 1999 Panama has seen a large influx of global capital and money into the region, however while this influx of resources has enriched part of the country it has allowed Panama to continue its development without developing the required base and experience to maintain and operate the infrastructure which it possesses without influxes of outside resources. This can be seen through a number of ways as exemplified by divisions in wealth between classes and regions, lack of technical and concrete knowledge and education requiring the importation of worker and technician from outside the nation in order to accomplish jobs that are needed to be done ...view middle of the document...

Youth workers are also more highly represented among the impoverished and the unemployed which leads to a difference in wealth levels and disparity not only among regional and class distinctions, but also between age levels in the country. In addition wages are differentiated between the various sectors of the economy and there locations. The Canal Zone and public sector groups have very different wages and policies then the rest of the country. While the majority of the country is subject to the Labor Codes which create very advantageous conditions for the employees through a variety of intricate price controls and regulations the Canal Sector is subject to American regulations, while the public sector also has its own special sets of labor laws that allow for higher wages in both areas, which in turn reduce the level of poverty. There is also a duality between “enclave” jobs that handle international investments and resources which while accounting for a large percent of GDP create little employment and also does not generate fund that are free to be invested elsewhere, and the rest of the economy, especially the informal and traditional sectors that were subject to policies that protected inefficient parts of the economy and allowed for less beneficial wages. In addition there is also a difference in the way that the service sector is encouraged while traditional sectors which impoverished and less well trained laborers are suited for, but are discouraged from growing due to the focus on services. As a result of these policies Panama has encouraged the growth of sectors that interact with the international community and economy while putting the sectors that are needed in order to maintain and develop Panama’s internal infrastructure at a disadvantage, shutting out those whose skills are more suited to dealing with those jobs and services as well as discouraging the development of infrastructures that would assist those who are being shut out of better jobs due to the lack of infrastructure that can allow them to develop skills that would allow them to develop the skills to move into other sectors of the economies. In addition international investment has led to the creation of “enclave” areas which while beneficial to the GDP and international trade do not create substantial employment and act as money sinks that attract investment in these areas at the expense of other parts of the country which are in greater need of the investment. In conjunction with this lack of freedom to be able to better employ their labor to their benefit the poor also lack access to physical assets such as property that would allow them to better improve their situation. In particular lack of title for land ownership decrease the ability of landholders improve their lot, this especially prevalent in the rural areas. Also another problems is the inequity in the ownership of land between the poor who own agricultural land and those who own land and those...

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