In the markets of the 21st century, characterized as increasingly global and competitive, only competitive companies will survive.
An article in Capital.com.pa by Darsy Santamaría Vega reports that "Darwinism is perfectly applicable to the business world: Only the strongest and most able to adapt to change, will evolve and survive."
Factors that limit the competitiveness of enterprises, says Santamaria Vega are "restrictions, monopolies and oligopolies in the Panamanian economy, weak education, excessive bureaucracy and lack of road infrastructure, elements that put us at a disadvantage to exploit the trend towards the full opening of markets. "
The construction and subsequent operation of Portales Mall is generating about 4,000 jobs both direct and indirect.
For ten months the construction company Spectrum has invested nearly $45 million in building a new mall in zone 17 of Guatemala City.
Of the total jobs created with this new development, 2500 are in the area of construction and the remaining 1500 in the operational area of the mall, which is expected to open in October.
Panama has abolished import tariffs on tea, garlic, mustard, spices and seasonings while they remain in force for rice, corn, dairy products and chicken.
Consumer associations complain that the policy will do nothing to curb inflation in prices of basic food staples. But that is not the aim, said former economy minister Frank De Lima. The government wants to protect producers, not consumers, De Lima added.