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NC Panama's economy BALANCE

By Felipe Argote

's begin by listing the parameters established by the Ministry of Economy and Finance as macroeconomic variables projected for 2010.

According

lift the state general budget for 2010 the Panamanian government expected a growth of 3.5%. Currently it is estimated that Panama's economic growth this year reached the figure of 7% three and a half percentage figures above budget. It was also planned by the Ministry of Finance inflation at 3% this year. Actually the consumer price index rose 4.2%, just over one point higher than expected. Finally, predicted that unemployment would go down to 5%. The reality has placed it at 6.5%, one and a half higher than expected.

Of course we have already said that economic growth accompanied by low inflation and unemployment reduction is a viable option only in Greco-Roman mythology. However, the theoretical economic plan, especially the prestigious consulting firm based in New York Mc Kinsey & Co, can not but be pleased by the results of the Panamanian economy.

Amid a sea of \u200b\u200bbad news in the world economy, with the slow recovery after the collapse of the economies of OECD countries, Panama can only boast of having spent a global recession not very pronounced slowdown in one year and then return to growth levels not insignificant. If this is accompanied with an inflation of just 4.2%, while in most developing countries it abounds with price indices of two digits, the news of an unemployment rate that has dropped more than 6.5% may go unnoticed. We can not forget that ten years ago unemployment levels in Panama were more than 16%. U.S. unemployment fell to 9.4% at the end of the year.

very similar process has made the debt GDP ratio. In 1990 for each dollar produced by the Panamanian economy B/1.28 owed to creditors. In contrast to 2010 for every dollar produced is owed to creditors only 46 cents. I've heard some members of the Economic Team government in 2011 will be below the 39 cents per dollar.

An average growth of 8% over the last 6 years is definitely reason for the country to ride through her plump like the area and engaged part of the bonanza to celebrate with sparkling beverages. But this is not possible, because in such a celebration would be absent for more than a third of the Panamanian population that has very little to celebrate as living below the poverty line, is that Panama is the second-worst distribution wealth in America, surpassed only by Bolivia. Some years ago we also surpassed Brazil, but its policy networking opportunities and promotion of education has left us behind. According to World Bank figures 10% of the Panamanian population of greater use is made of 41.4% of revenue, while the poorest 20% is shared 2.5% of the wealth generated in the country.

Although Panama has developed several programs to reduce this gap as the network of opportunities in Brazil has been very effective in breaking the cycle of poverty, many imported programs are applied indiscriminately, with improvisation and with few real results.

The universal scholarship plan created for avoid scandalous dropout applicable terms which was politically more beneficial rather than where there is more risk. In the end, with the greater risk of dropping out were left out of the program.

In the case of plan 100 to 70 in my opinion is an absurd plan. Instead of developing a study to locate the weakest and most vulnerable to receive this grant, is widespread, it included people who did not provide social security and the system is in contempt or to be farmers or traders, or they left the country and productivity after years abroad in the land decided to retire after accumulating sufficient income for a comfortable retirement. They received $ 100 from our taxes.

may choose not cynical discourse should not be discussing the issue of maldistribution because we must create wealth before we think about distribution. How little or how much you build the economy should be fairly distributed. The figures show that there is little and we have not been efficient in its distribution. Furthermore, these figures are so reliable some institutions like the World Bank. The argument that the volume of phones sold in the country shows that there is such poverty is naive, to say the least.