www.cepal.org/transporte Issue No. 334 – Number 6 / 2014 BULLETIN FACILITATION OF TRANSPORT AND TRADE IN LATIN AMERICA AND THE CARIBBEAN This issue of the FAL Bulletin sets out a brief history of the Panama Canal, its construction and The Panama Canal its social and political impact on Panama, within the context of international trade at the time. This issue also reviews the recovery of the canal by the Republic of Panama and subsequent major events, turns 100: history and including the decision to expand the canal and the start-up of work on the expansion project. The authors are Rodolfo Sabonge, consultant, possible future scenarios Infrastructure Services Unit of ECLAC, and Ricardo J. Sánchez, Officer-in-Charge of the Natural Resources and Infrastructure Division of ECLAC. For further information contact
[email protected]. The opinions expressed herein are solely the responsibility of the authors and do not necessarily reflect those of the organization. Introduction Introduction The 100th anniversary of the opening of the Panama Canal finds a world I. The beginning clouded with uncertainty as to the outlook for the international economy —a world where trade relations and trade flows and, therefore, international II. Building the canal across Panama maritime transport, are changing. Part of this process is related to changes in global maritime trade arteries (the Panama Canal included), but also to shifting geopolitical interests worldwide. Just as the Panama Canal was born III Social and political impact in Panama of similar shifts, new players are now vying to gain control of resources, major infrastructure facilities and transport routes.