While Panama is a small nation with few natural resources that would interest highly industrialized nations, it is strategically important to the United States and other world powers. What makes Panama so important?
2006-11-11 06:08:29 · 9 answers · asked by Anonymous in Travel ➔ Latin America ➔ Panama
There is a shorter way to go to Asia from the U.S. called the Panama Canal.
Hope it Helps!
2006-11-11 06:12:28 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Panama can keep a specific country's ships from passing through the Panama Canal. If that happened it would impact trade and tourism for the banned country. Goods would cost more, which would impact the economy. Small place, but a lot of power.
2006-11-11 14:18:07 · answer #2 · answered by tsopolly 6 · 1⤊ 0⤋
Panama has always been a world wide hub & it still is.From the free trade zone in Colon to the 150 international banks in PC.The Spanish brought the gold through Panama from South America & the modern day version of this is still going on in the form of banking & import/export.Location, location, location!
2006-11-11 15:07:22 · answer #3 · answered by rivkarut2004 3 · 1⤊ 0⤋
It's the Panama Canal, it is much cheaper. Why don't you think many people use airplanes as use of transporting cargo? Too expensive. Panama is a natural geographical position that has contributed commercially before, example, for the Spanish in colonial times as means of transporting goods like silk, gold, etc. from Atlantic to Pacific. Reason why many pirate attacks. Now in modern times, it's still, in its own way, the same, the transportation is cheaper and better internationally.
2006-11-11 14:37:53 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Panama has the Panama Canal. Panama is home to 150 banks. Panama domicles 400,000 corporations. Panama has numerous ocean going vessels in its vessel registry. Panama has a seat on the UN Security Council. See: http://www.panamalaw.org
2006-11-15 11:23:13 · answer #5 · answered by panama7777777 2 · 0⤊ 0⤋
Probably Teddy Roosevelt's most valuable contribution to the world! The Panama Canal!
2006-11-11 14:18:13 · answer #6 · answered by ron 4 · 1⤊ 0⤋
Because it's the most beautiful country in all Central America. And yeah...the Canal is very important because almost everything on every store shelf in the Western Hemisphere makes a trip through there.
2006-11-12 08:36:13 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Are you kidding?? It is the shortest route for ships from our west coast to the east coast. Otherwise, they would have to go all the way down around the tip of Africa.
2006-11-11 14:13:01 · answer #8 · answered by wildbill05733 6 · 1⤊ 0⤋
location,location,location its a good piece of real estate
2006-11-12 20:30:37 · answer #9 · answered by Anonymous · 1⤊ 0⤋