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The Panama Canal is a ship canal which was built in order to join the Atlantic and Pacific oceans. Naturally its construction had a significant and positive impact on maritime trade, which was the primary reason behind its construction. Now there is a new project being proposed by the Panama Canal Authority which would expand traffic capacity of the Panama Canal.

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The global economic crisis has affected all parts of the globe, though some regions and countries have fared better than others. A look at the current state of the Panama economy reveals that it is one of the countries that seems to have navigated the crisis well. With sound fiscal policies, massive infrastructure projects attracting foreign investment, and some solid industrial leaders, Panama’s economy seems to be flourishing despite the economic turmoil elsewhere.

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