Benefits..... Economic Importance....
The creation of the Panama Canal created many opportunities for Americans to prosper from. These advantages include.......
http://www.porttechnology.org/technical_papers/the_panama_canal_expansion_and_its_impact_on_world_trade/ |
The Panama Canal is essential to the Panama as well as United States economies. Today, Over 10% of the United States shipping goes through the Canal. This is not only helpful in providing a way to transport goods but creates many jobs within the process. The amount of exports that a required through the panama canal creates a surplus of jobs for United States citizens due to the fact that the products in these exports are made by United States workers. Also, imports in the Panama Canal enable United States consumers to achieve needed products they need to live. The Canal creates an ease in world trade. Therefore without the Canal to keep world trade running smoothly, major economic issues would result. Due to the fact that the United States holds large economic importance throughout the world, any problem with the canal directly hurts the United States. Overall, it is important to keep the Canal running in order to keep a smooth worldwide economy.
http://www.cotf.edu/earthinfo/camerica/panama/PCtopic4.html |