Multi-dimensional Review of Panama
Volume 2: In-depth Analysis and Recommendations
Panama has achieved socio-economic improvements in recent decades thanks to strong
economic growth and consequent poverty reduction. Its growth model is characterised
by a dual economy in which a small number of activities, including those related to
the Canal and Special Economic Zones, have exhibited high productivity growth but
limited job creation.
Panama should now embark on a new reform agenda to become a sustainable and inclusive
high-income country. This report urges greater productivity in sectors that contribute
to job formalisation to reduce disparities in income and among regions. As developing
these policies requires further resources, taxation system and private sector involvement
through public-private partnerships should also be reinforced. Focusing on skills
and jobs, regional development and development financing, the volume provides analysis
and recommendations on three areas which are key for Panama.
Published on July 06, 2018
In series:OECD Development Pathwaysview more titles