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Panama A Regional and Country Analysis Global Business Strategies January 8 2004 Panama Regional and Country Analysis While Panama is known mostly for its famous canal the countrys natural attractions offer an irresistible lure to far-sighted travelers It is a proud nation that offers astounding wildlife adventures that respects its seven indigenous peoples and that celebrates its Spanish heritage with frequent and colorful festivals The countrys name means abundance of fish Tourists marvel in the delight of traveling to Panama and are anxious to snorkel in the Caribbean Sea and swim in the Pacific Ocean all in one vacation Panama however has seen its time to tribulation From the beginning being inhabited by the cultures of Cuevas and Cocle to the current population of Spanish Panama has grown and evolved to find its fit in todays ever changing global society For the purpose of this paper we will focus on the globalization of Panama We will review the history of Panama as it related to current economic political and cultural relationships specifically with the United States The Cuevas and Cocle were the earliest known inhabitants of Panama By the 16th century when the Spanish arrived these two cultures were decimated by disease After forays along Panamas Caribbean shore a Spanish settlement established residency on this Caribbean coast in 1510 Panamas pacific coast later became the springboard for invasions of Peru and the wealth generated by these incursions was carried over land from the Pacific port of Panama Lonely Planet 2001 Panama went into decline and became a province of Colombia when the South American nation received its independence in 1821 In 1846 Colombia signed a treaty permitting the USA to construct a railway across the isthmus and to defend it with military force The idea of a canal across the isthmus had been broached even in the 16th century but a French attempt to build one in 1880 resulted in the
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