Panama's former canal chief jumps in the deep end

Article Abstract:

Before taking up the post of Panama's new minister of economy and finance, as sub-administrator of the Panama Canal Authority Ricaurte Vasquez Moral created a 2025 master plan that modernizes the trans-oceanic route in enhancing Panama's economy. Under the new administration, Ricaurte Vasquez Moral sees a major issue in persuading Panama's legislative branch to temporarily suspend the Latin nation's fiscal responsibility law because the deficit of the non-financial public sector increased to 5% of the Gross Domestic Product (GDP), which is to be maintained at 2% of the GDP under Panama's fiscal responsibility law. The country's fiscal stance is going to be reflected in 2005 budget.

Panama, Cabinet officers, Cabinet officials, Moral, Ricaurte Vasquez

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US firms widen the net

Article Abstract:

Many companies based in United States are turning towards countries like Colombia, China, India, Ukraine and Azerbaijan, for setting up manufacturing units. Low establishment costs, and cheaper labor, are some of the reasons for such outsourcing. In addition, these companies also gain customers in these countries. Issues like intellectual property rights protection, trade policy, and local laws become crucial for such shift. Even so, investment in European nations, which is a familiar territory for US companies, has not stopped altogether.

Use of services, Forecasts, trends, outlooks, Patents & copyrights, Developing Countries, Venture Analysis, Economic aspects, Forecasts and trends, Market trend/market analysis, Business enterprises, Intellectual property, Outsourcing

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Bringing Brazil to Wall Street

Article Abstract:

The new economic reforms on the way under the leadership of Luiz Inacio da Silva (Lula) in Brazil are discussed. The ventures and endeavors of the executives of the top Brazilian companies to attract more foreign investments are analyzed.

Strategy & planning, Brazil, Planning, Foreign investments, Company business planning

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