These obstacles are structural defects that have to be corrected, such as the inefficiency of public administration, people with low education, lack of skilled labor, regions far away from the capital lacking basic services and serious problems in transportation and health.
The article in Martesfinanciero.com authored by Kerem Pérez and Mario A. Muñoz says that "all this is happening despite the fact that average economic growth has been 8% in recent years, with a canal zone which grows and generates more money, ports that move cargo that goes around the world and a banking center famous for its liquidity when money is scarce internationally."
Work permits to foreigners have increased 24.4% in the first two months of 2010.
1.220 permits were issued between January and February 2010, 24,4% more than in the same period of 2009, when 980 permits were granted.
“Jaime Bocanegra, consulting director at PricewaterhouseCoopers, said that companies will pile on the pressure, especially multinational corporations, as there are not enough skilled workers in Panama”.
The Panamanian economy continues to grow, demanding more and more professional and technical staff, which the local job market fails to satisfy.
Companies are failing to fill their vacancies, as they lack candidates with the required skills and experience. This situation, far from being resolved, is getting worse, as more transnational companies open office in the country, increasing the demand for skilled workers.
Training of qualified personnel at all levels is absolutely insufficient to meet the demand of an economy with such high growth rates.
In Panama, the gap between demand and supply of employment, both in quantity and quality, is expanding at the same pace as the growing list of infrastructure projects in execution, which is increasing the arrival of multinational companies, saturating hotels with the number of business travelers and tourists.
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