As reported by The Latin Business Chronicle The Global Competitiveness Report 2010-2011 had some interesting news especially for Panama
On a Global perspective, Switzerland tops the overall ranking in The Global Competitiveness Report 2010-2011 released by the World Economic Forum. The United States falls two places to fourth position, overtaken by Sweden (2nd) and Singapore (3rd).
Here at home, Latin America continues it’s movement up the ranks
“Reflecting the strong resilience withinLatin America and the Caribbean in the face of the recent severe global economic downturn, the … assessment for the region for this year points to the important progress made by several countries in improving and reinforcing their competitiveness fundamentals,” the forum says in its report. “These results confirm the important strides the region has made in recent decades toward sounder fiscal management, increased market efficiency and openness, and export diversification, among other areas.”
Panama Shines
Panama jumped from 8th place last year to second place among Latin America’s economies this year thanks to its score gaining 0.12 points to 4.33. Globally, it jumped from 59th place to 53rd.
“Panama posts one of the largest improvements in the region, climbing to 53rd this year thanks in large part to a more positive assessment of infrastructure quality, increased macroeconomic stability and technological readiness,” the World Economic Forum says. “This advance reflects the country’s recent important investment in upgrading its infrastructure, its sound macroeconomic management in recent times of crisis, its prowess in absorbing technology (ranked 7th for the variable on FDI and technology transfer), and its increase in ICT penetration rates. The country also continues to benefit from well-developed financial markets. Strengthening the quality of its educational system and increasing the flexibility of its labor market and the efficient use of talent are crucial to further reinforce Panama’s long-term growth potential going into the future.”
“This advance reflects the country’s recent important investment in upgrading its infrastructure, its sound macroeconomic management in recent times of crisis, its prowess in absorbing technology …and its increase in ICT penetration rates,” the forum says. “The country also continues to benefit from well-developed financial markets.”
Read the entire article here….
Hosted at the Biltmore in Coral Gables, Florida
While we see the great news as a testament to the hard work Latin American Countries are putting forth, there are still challenges as noted at the recent 14 Annual Americas Summit in Miami where Pamela Cox, Vice President for the Latin America and Caribbean Region for the World Bank spoke.
Fourteenth Annual Americas Conference(R) Focuses on Innovation in the Hemisphere
David Landsberg, president and publisher for the Miami Herald Media Company, and Pamela Cox, vice president for the Latin America and Caribbean Region for The World Bank, opened the conference. Here’s a summary of the conference highlights, with links…
Pamela Cox, Vice President for the Latin America and Caribbean Region for the World Bank, a co-host of the Americas Conference®, spoke about the banks’ commitment to the region. “This year we can deliver better economic news. After the economic collapse, the region is getting back to solid growth; the latest forecast suggest we will see a growth of 5.1% this year,” while stating that “this is an excellent sign that Latin America is returning to its usual strong pattern of growth.” However, Cox continued to explain that “growth rates in Latin America need to be strong and sustained to see expansion of opportunity. The truth is the region has not been keeping up with the rest of the world and the culprit various economists agree on is the rate of productivity is the last in the world.”
When is the right time to sell and move to Panama
After 30 years in commercial real estate in South Florida, I was constantly asked when it would be a good time to sell. As my mentor once explained, when you want to…. Well if you have been waiting to sell and consider moving abroad, maybe to Panama, sooner may be a better time than later as reported in a recent NuWire article.
Some Analysts Predicting 20 Percent Fall In Home Values
Calling bottom on collapsing home prices is a longstanding topic of debate, but distressed loan purchaser Kondaur Capital Corp. cautions about housing prices falling further still. In a conversation with HousingWire, Kondaur chief executive Jon Daurio joined Moody’s Investors Service analysts saying he expects prices to fall another 20%. Moody’s again today downgraded ratings on multiple residential mortgage -backed securities, stating that it sees increasing potential for a double-dip recession that would cause home prices to decrease another 20%.
Can’t sell your home but still want to move to Panama, how about trading your house for this beachfront house in Panama?
The owner is looking to exchange this $1,980,000 home on the beach in Buenaventura for one in Vancouver Canada, Bellingham Washington, Las Vegas Nevada or Hawaii or you could buy always it for cash.
Do you have a home in Panama that you would exchange for this home near Toronto, Canada
The owner is looking for a home here in Panama or a small boutique hotel worth $1,350,000 and would also consider somewhere in the Caribbean or Ecuador as well or you could buy always it for cash.
Closer to home, I need a property here in Boquete to exchange for this farm and estate home in Franklin, North Carolina
The owner is looking for property here in Boquete or Chiriqui worth $2,100,000 and would trade for this property or you could always buy it for cash.
More opportunties can be found at
