As outlined in an article in Radiolaprimerisima.com, "Thus says the president of the Economists Association of Panama, Raul Moreira, who asserts that in both senses, the country has far to go to reach the level of Singapore", noting in particular the poor quality of its education system and lack of transparency in public institutions.
The observation was made in response to a comment made by Jonathan Menkes Zeissig, chief economist at the Central Institute for Fiscal Studies (ICEFI), who believes that Panama has a lot of potential to become the Singapore of Latin America.
David Saied, also from the College adds to these negative aspects, public investment, which, according to him, is focused on the real problems of the country. We have problems in education, but prefer to build coastal belts with money that could build 700 schools. There is poor security, but the investment in public works is five times greater, and the same thing is happening with the judicial system, he said.
Horacio Estribí, former official of the Ministry of Economy and Finance, said the success of Singapore has been its fight against corruption and respect for the law. The most important thing has been institutionalization, contrary to Panama where they are destroying the institutional infrastructure.
Source: radiolaprimerisima.com
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