How does the Panama Canal affect the economy of the Latin America?

Answer 1

Many people use the Panama Canal to sail to the other side of Panama and import/ export items.

It provides millions of dollars each day into our economy, but due to corruption, most of the money is deviated into corrupt politicians and not the people.

Answer 2

The Panama Canal creates a short cut between the Atlantic and Pacific Oceans. This allows faster shipment between the east and west coast of the US and from Asia to much of Europe. Less fuel and time is used, resulting in lower transportation costs.

Answer 3

It was created as a short cut or the transport of goods between Eurasia and the western continents.

Answer 4

It saves time and money to use the Panama Canal rather than go around South America. Panama has a better economy than most Latin American countries.

Answer 5

Panama charges a fee for ships to go through the canal saving the ships money in fuel and time that would have been spent going around the bottom of South America.

Answer 6

it affects many animals and the people around it

Answer 7

It has helped the economy of Panama a great deal.