As the Risk International Financial Program Board 2011-2012, we wish you a warm welcome to our site. At the end of April 2012 we will fly to the beautiful and promising countries Costa Rica and Panama and stay there for five weeks.
The Panamanian economy has been among the fastest growing and best managed in Latin America, and Panama is expected to retain this high performance through the coming years. Panama’s economy is mainly based on a well developed service sector heavily weighted towards banking, commerce, tourism and trading. Panama City is a hub for international banking and commerce and houses around eighty banks. The city is responsible for almost 55% of the country’s GDP. Two Panamanian sectors that are of special interest are the maritime sector and the infrastructural and construction sector.
Within the economy of Costa Rica, financial outsourcing, software development, and ecotourism have become the prime industries. High levels of education among its residents make the country an attractive investing location. Costa Rica’s capital city, San José, is the focal point of political and economic activity, and the major transportation hub. There are two main sectors in the Costa Rican economy that are of great importance to the country’s growth; the agricultural sector and the renewable energy sector.
In short, both Costa Rica and Panama are promising markets with a lot of interesting, financial research opportunities.