If these impacts materialize in growths of the Panamanian economy, it will be safe to conclude that the country reveals an efficient bi-direction foreign direct investment system. In this order of ideas, the following lines reveal some of the most notable impacts of FDIs onto Panama's socio-economic status (they are written in bulleted form to increase readability and clarity):
The first and foremost important impact was given by the massive investments made in the enlargement of the Panama Canal; the effects of such an endeavor were tremendous. On the one hand, the enlarged canal offered greater opportunities for traffic, which in turn materialized in greater revenues from offering services in the canal. Then, this enlargement translated into an increased demand for workforce, which in turn created new jobs, reduced unemployment rates and improved the living standards of the population.
But the socio-economic effect of job creation and unemployment rate reduction was felt in virtually all domains which received foreign direct investments, not just the enlargement of the Panama Canal
The foreign investors who exported the products made in Panama also traded in Balboa, increasing as such the stability of the national currency
The foreign investors brought in new technologies and as such supported the country's alignment to it developments
The FDIs set the context for the training of national employees, who benefited from advantages of professional formation
All the above point out extensive levels of economic and social development. In a nutshell then, nothing is safer to say than that Panama enjoys the benefits of an efficient and effective bi-directional system of foreign direct investments, through which the alien investors have made significant contributions to the growth and development of the Panamanian economy and society. "Foreign direct investment is one of the principal drivers of Panama's booming economy, which according to the...
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