Colon Misses Out on Panama’s Economic Growth
This article is a summary of reporting by The Borgen Project. Originally published April 13, 2013.
Although Panama experienced high average annual GDP growth, the Caribbean terminus of the canal in Colón faces chronic shortages of potable water, electricity, and stable employment. The piece notes that while the Colón Free Zone generates substantial commercial activity, local communities have largely failed to see economic benefits trickle down. Additionally, the analysis highlights how social unrest and systemic racial dynamics contribute to the pronounced economic disparity between Colón and Panama City.
AI Summary
An examination of how the Caribbean canal city of Colón has been left behind despite Panama experiencing rapid national economic growth.
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