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Commentary: Panama's economy is booming, but the institutions are not

Tuesday, April 26, 2011


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, writes Andres Oppenheimer.

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.

Original source: Miami Herald