Competitiveness: The Good and Bad in Panama


News from Panama / Tuesday, September 10th, 2013

Panama shines in 10 indicators of competitiveness considered to be of first world quality, but in another 10 is among the most backward nations.  Panama needs to focus more on it educational system.  I grew up in Korea and that is a country that realized it and pulled itself out of the depths of disparity to become a world leader.  Nothing magical about it.  It will take the Nation to pay attention and strive to be a world leader in this front also, not just infrastructure and condominium development. Panama could do that, if it wanted to.

According to an article in Capital.com items, in the Global Competitiveness Index of the World Economic Forum, the country fails in “Independence of the Judiciary, Female participation in the work force, Costs of crime and violence for companies, Quality of math and science education, Wages and productivity, HIV prevalence, Rate of enrollment in secondary education and Inflation, among other things. “

Panama has made significant progress in areas such as quality of primary education and quality of science and math education , and ranks 128th in higher education quality, but it is still measuring this progress, there is much to be done in these areas, so that around them the future development of Panama can be based, as it was in all the countries that are now considered first world.

When asked about the matter, Irene Giménez, partner of the firm Goethals Consulting Corp., recalled that a good portion of these assessments and weights are based on surveys. “… quality must be measured by external evaluations, one, but not the only, example is PISA tests, from which Panama withdrew. There should also be measurements of how the market responds to local hiring for operational positions, etc.. And that is quite different to the report. ”