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Socio-Political and Economic Environment

1. What is the present state of the economy (e.g., GNP, per capita income, rate of economic growth, etc.)?
2. How much debt does your country have?
3. How does the economy (particularly the economic growth rate) today compare to 20 or 30 years ago?
4. What are the dominant industries and or corporations, and who controls them?
5. How would you characterize the present government of your country (democratic, authoritarian, etc.)?
6. What is the trade relationship between your country and the United States?

Panama is the country

Solution Preview

The response addresses the queries posted with references.

// The paper aims at providing the information about Panama, with respect to the economical factors, that contribute in any state's socio-political and economic environment. The city has been analyzed with the help of various economic tools and the information, accordingly, has also been presented. The first part of the paper presents the answer for the first question, which reveals the data about the present economic condition of the city//

Panama

The city is situated between the North and South America, which also forms land bridge between them. The capital is the Panama City, whose people are called Panamanian(s), population is 3,322,576, the official language is Spanish and the climate is tropical. The culture followed, is that of the Caribbean Spanish and the official name is Republic of Panama (Background Note: Panama, 2010).

Present State of the Economy

The state of economy of any country or state is determined by the factors like GNP, per capita income, rate of economic growth etc. The GNP (Gross National Product) depicts the total value of all the goods and services produced within a nation in the year (preferred), along with the income earned by the citizens (native and abroad) and reducing the income of all the non-residents of the country. GNP of Panama is 2.40%, which is equivalent to $25.04 billion, as calculated for the year 2009 (Panama GDP - real growth rate, 2010). This rate has improved in 2010, and Panama is still considered as one of the regions having positive growth rates in the region. The currency of the city is Balboa (Lares, 2010).

The per capita income of a country reflects the total amount of the income earned by the citizens of the country, and is used to measure the standard of living of the country. The per capita income is nothing but the GDP, which is, in other words, equal to total income of a country or ...

Solution Summary

The expert examines socio-political and economic environments. The response addresses the queries posted with references.

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