Panama’s bad reputation hides true democratic and financial success

Over the last three decades, this Latin American country has followed a particularly impressive trajectory.His career is amazing, and in terms of good economic management and political stability, this specialist is Foreign policy.

Panama often receives bad news. Last October, the country was revisited as part of a survey called the Pandora Papers. Of the hundreds of politicians and civil servants (including the three former Presidents of Panama) named in the document, almost half were customers of a law firm headquartered in the country.

These revelations are only five years after the Panama Papers incident, which revealed the suspicious practices of Mossack Fonseca, another now-non-functional Panama company that was once one of the world’s leading suppliers of offshore financial services. It will happen later.

Thus, the small country has gained a reputation for promoting the world’s rich and powerful financial Shenanigan. In this context, you may want to see it as just the center of corruption and illegal finances.

4 embarrassing elements

Panama is a particularly noteworthy example of political and economic success in Latin America.

For the past 30 years, the country has not only been able to maintain stable democracy, but has also recorded the fastest economic growth in the region and is today ranked as one of the most developed countries in the United States. Latin.

Its success confuses political scientists in several ways. The four elements are especially embarrassing.

First, Panama is one of the few countries in the world where democracy has been established following a military aggression. Operation Just Cause, launched by the United States in December 1989, has killed hundreds of people and has been widely criticized by the international community, but one must be aware of: it’s the expected result. Brought about.

Democracy has taken root

Overthrow of dictator Manuel Antonio Noriega [1983-1989] Allowed Guillermo Endara, winner of the May 1989 presidential election [que Noriega s’était refusé à reconnaître], To fulfill his duty. Democracy quickly took root.

Since 1995, Panama has been regarded as a “free” country by the American NGO Freedom House. [qui mesure la démocratie selon de nombreux critères]..

The country has also avoided many of the pitfalls experienced by other Latin American democracy. For example, coups, elections for influential people, and the collapse of the multi-party system.

This is not a small feat, especially given that Panama and Grenada are the only countries that have become democratic after the military aggression, especially since World War II. [en 1983 pour la Grenade]..

Why is Panama so successful? Unlike Iraq and Afghanistan, Panama is a middle-income country and there were no major religious or linguistic gaps at the time of the US invasion.

Moreover, the country already had decades of democratic experience when the coup d’etat, in which Omar Torrijos, the predecessor of Noriega, came to power in 1968. [il y est resté jusqu’à sa mort, en 1981].. Thus, specifically, the aggression that took place in 1989 made it possible to recover rather than establish democracy.

Blame strategy

Second, the most popular political party since democratization is none other than the Democratic Revolutionary Party (PRD) of Noriega. Contrary to what happened in Iraq with “deaeration,” the United States allowed the dictator’s party to continue its activities, and even regain power in the meantime.

[…]

James Roxton

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Established in 1970 for the purpose of “To stimulate discussions on the essential issues of American foreign policy”, Foreign policy Before every other month in 2000, it was an academic journal for a long time.That ambition today

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