ESPECIAL BUSINESS EDITION
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PANAMA: A Work In Progress
By Divya Mehta Business Major Student, Towson University
Since the past few years, Panama has become a country that is always on the top of lists in its region. The immense growth that Panama is witnessing is proof of the great resources it possesses. However, most of the growth in the nation can be accredited to increased foreign investments, be it in the form of multinationals coming in, foreign projects, banking, or foreign entrepreneurial activity. As the economy continues to improve, the question that arises is whether there is a growth in the local human resources as well. It is a well-known fact that with
2 | L A T I T U D E 0 4 / 01 / 2013 the kind of success the economy is seeing, better leadership and management is required. Furthermore, entrepreneurial activity should increase as a result of better opportunities; thus, creating a cycle of continued and stable growth. This article examines Panama ' s quality and current situation in managerial, leadership and entrepreneurial activity with the purpose of seeing how it ties to the present of the country and what it indicates about the future, since these three areas are the key to success in any country ' s development and improvement.