Ships sailing between Europe and East Asia or Australia can save as much as 2,000 nautical miles … Trust us, we will not disappoint! Better telecommunication system Even though efforts to build this waterway began much earlier, the project was stalled severally due to different reasons. In 1914 the Panama Canal was opened. BestEssayServices.com offer personalized and comprehensive essay writing help to students with an aim of helping them excel in their academic endeavors. The economy of scale just didn’t exist on this level. The economy of Panama is based mainly on the services sector, which accounts for nearly 80% of its GDP and accounts for most of its foreign income. Do you have an assignment on a similar topic? We have a great team of homework writers chosen meticulously by our experienced editorial team. Best Essay Services writing team understands that your need for paper writing service is not necessarily out of being lazy! Due to the great Panama Canal, the city of Panama now benefits from 5 key submarine telecommunication loops that traverse throughout the city. (If you are interested, read this Flashback Friday article about the history of the Panama Canal .) The Panama Canal has greatly boosted trade in America. As a student, you are also looking for a service provider which is affordable; we therefore have ensured that our prices are affordable and have provided a provision for various discounts. According to the Panama Canal Authority (Autoridad del Canal de Panamá, or ACP), the expansion will be profitable, yielding a 12% internal rate of return. When the French engineer Ferdinand de Lesseps and his team began working on the canal, they faced many challenges. New locks are also being introduced. According to T.R the construction of the canal was a way to protect America's economic interest. Your assignment is assigned to a writer based on his/her expertise and experience. Once we receive your order details, the writer is immediately assigned to work on your paper. We also have specialized homework writers who handle Masters and PhD papers. The accidents are almost nil compared with other waterways. Over 10,000 ships pass through the canal every year and they haul a projected 5% of the goods used all over the world. , Comment Closed, November 6, 2014 We have over the years helped thousands of students in need of writing help. and we understand the anxiety you have when you have to trust another person to complete your paper. , Erwin Z, 1 Comment, March 5, 2016 The essay above on Economic Benefits of the Panama Canal to the USA is among the many you will find online at www.bestessayservices.com. The US brought on board expert engineers and a good doctor who was able to arrest the tropical diseases menace. EXPERT ASSISTANCE: We have a database of expert writers, who have been with us for over 3-7 years. , Erwin Z, Comment Closed, March 15, 2016 The faster a country can ship, the more willing they are to trade. Economic growth will be bolstered by the Panama Canal expansion project that began in 2007 and is scheduled to be completed by 2014 at a cost of $5.3 billion—about 25% of current GDP. Saving Time. Do you feel like you have no spare time to rest or attend to your family needs because of homework assignments? , subhasish We are a flexible writing service provider. Someone might question the idea of getting homework help, but what if you have reasons why you must get assistance in writing your papers. An interesting fact in the paper was that the greatest benefits from the Canal for the Panamanian people was improved healthcare technologies, in particular anti-malaria campaigns. Global importance We have an in-house professional team of support that is ready to answer your questions or concerns, or get you started to place your order with us. This means that we understand and are professionals at academic writing help. Developing countries should be wary of large infrastructure projects such as today's pipeline and land bridge projects. Living History. Another area where the canal expansion could create benefits is in grain transport from the Midwestern United States to Asia. The completion of the Panama Canal helped the US to easily transport these minerals and oil because it shortened the distance between the different states. The main reason why the canal was built is to ease transportation. Please help us improve. Improvements are constantly being done so as to ensure large ships can pass through easily through deepening and widening the channel. , Erwin Z, Comment Closed, March 10, 2016 These effects included physical and social-economic impacts. Benefits Of everything that matters, January 24, 2012 Oh, and they are now debating adding a $5.25bn third lane to the canal by 2014. The creation of the Panama Canal created many opportunities for Americans to prosper from. Second, the canal has an unquestioned economic value, although there has been much difference of opinion as to the extent of this value and as to the policy best suited to enhance the canal's economic efficiency. Now most all the money the U.S. gets from trade is through the Panama Canal. Apart from homework, you have other important things to do in life. Trade booster. All Rights Reserved to Jesus Loves You! With an estimated annual growth of container cargo commerce of 8.4%, the Panama Canal expansion and its augmented demand for the trade route, would inevitably contribute to the increased economic activity in the Panama region. The construction of the Panama Canal has been termed the greatest engineering feat of the 20th century. Furthermore, Panama also provides worldwide business interconnectivity. The economics of the Panama Canal expansion are substantial. We have made essay writing help easy for you! If one considers the thousands of ships full of goods that pass through the Canal every year and the impact that closing the Canal would have on the world economy, one can understand the economic importance of the Canal. Simply contact us! These advantages include..... Changed world patterns which opened up New World Trade; Trade open between the U.S. West Coast and the East Coast of South America; Larger Ships; More Cargo; More business related transactions It is the purpose of this paper, so far as time will permit, to empha-size some of the economic aspects of the Panama Canal. This is shared between the US and panama. , Comment Closed, March 20, 2016 In fact, the Panama Canal now accounts for around 12 percent of the country’s economy. That said, one military event served as the catalyst for America’s drive… But, write Stephan Maurer and Ferdinand Rauch, the canal’s opening also had a significant impact on the economic geography of the US. Benefits Of A Panama Canal Treaty was signed by the U.S. and the new government of Panama. , subhasish Would you not attend to these first before writing your essay? The completed paper is checked by our editors and then emailed or uploaded to your account. With the short distance of travelling between countries thanks to Panama Canal, people can now visit other countries at a cheaper cost. , Comment Closed, May 17, 2015 Posted in Country. Click on the button below to ORDER a non-plagirized paper now. What are the Advantages of the Panama Canal? Since it played a major role in the construction of the canal, the US has always had a share in the control of the canal. Indeed, the completion of the Panama Canal established the United States as a Sea Power by connecting the Atlantic and the Pacific Ocean. Partner with us for all your academic writing services. , subhasish Panama Canal The overall basis of this website is to explore many questions about the creation of the Panama Canal. Are you writing an assignment on the topic you just read? "What were the major setbacks during this period?" I t is the longest canal in the world without locks. Recent Expansion. Despite having successfully completed the Suez Canal, de Lesseps ran out of funds and lost many of his workers to malaria, yellow fever and other tropical diseases which were common in Central America. Advantages of the Suez Canal. At that time, Panama took over the operations of the canal. 100% ANONYMITY: While seeking academic writing help, you must be assured of your privacy and confidentiality. Services include operating the Panama Canal, banking, the Colon Free Zone, insurance, container ports, flagship registry, and tourism. Navigation goes day and night. Due to the great Panama Canal, the city of Panama now benefits from 5 key submarine... 2. It is estimated that all trade products including oil that enter or leave America pass through the canal. Furthermore, this canal traffic is generally expected to increase by 2% each year. We respect your decision to seek for our services. Experiencing Physics. Why are we trusted by Thousands of Students? On June 26, 2016 the Panama Canal opened a third new lane. Our team of writers will be glad to write your paper, according to your specified instructions, and deliver it within your deadline. Your assignment is in good hands if the writer assigned to work on it is well trained, and with over 3-7 years experience. The canal offers access to Panama and continues all the way to Central America, America, Mexico and Canada. Port of Charleston Poised to Take Advantage of Panama Canal Expansion August 12, 2016 When the 1,102-foot-long Hannover Bridge sailed into the Port of Charleston on July 16, it marked a major milestone for the local maritime industry. , Erwin Z, Comment Closed, March 1, 2016 Industry bodies have warned that, at 1,400 feet long and 180 feet wide, the new locks are too small for the neopanamax. The benefits of Panama Canal are many and with the expansion in progress, these advantages are bound to increase tenfold. Pagano, Light, and some of the other researchers (2012) studied the case of the Panama Canal, and predicted the prospect of the canal. The US saw this as its opportunity to achieve its ambition of building the Panama Canal and in effect tried to convince Colombia to sign a treaty permitting it to construct the waterway. The canal helps to maintain the competitiveness of the world through offering a shorter passage for the transport of key goods. The total cost of the expansion came to $5.25 billion. The second is the reduction in the cost of transportation induced by the opening of the Canal. So, do not be anxious about asking for assistance with your homework. No matter the complexity of your paper, there is a professional writer willing to help. Experts believe that by 2014, the channel will be carrying double its current capacity. The first is the cost of constructing and operating the Panama Canal. That is why DELL, a leading computer manufacturer, opted to locate a very large call center in Panama. Submit your order instructions by filling in the form, and then, submit payment for your order. Submit your instructions now via the Order Button below to get your paper written. The physical presence of the fiber optic cables offers unlimited capabilities with regards to worldwide communication. Our professional writers will handle any type of paper needed, any format and deadlines. This has helped it generate a part of the income from the revenues earned from vessels that use the canal. Please rate this article. However, there were many obstacles that stalled this ambition. Over 10,000 ships pass through the canal every year and they haul a projected 5% of the goods used... 3. The Panama Canal, which connects the two oceans, is the excellent example to prove the capability of creating a transportation way by changing the landscapes. Also, some 35,000 to 40,000 new jobs will be created over the project life. There is no doubt that the Panama Canal continues to contribute a great deal to Panama’s economic progress. We have put in place measures that ensure that you will never receive a plagiarized paper. Panama is still a dual economy. Despite the huge advantages offered by the canal’s expansion, there have been growing concerns over safety issues associated with the introduction of neopanamax vessels along the waterway. Tagged as engineering advancement, Panama Canal, shipping, telecommunication, May 19, 2015 Benefits for other nations Although beneficial to Panama, the effects of the expanded canal will be far-reaching. The Panama Canal was completed in 1914 and it is the waterway which adjoins the Pacific and Atlantic oceans. http://wiki.answers.com/Q/The_benefits_from_the_Panama_Canal, http://useconomy.about.com/od/tradepolicy/p/Panama-Canal-Expansion-Impact-On-U-S-Economy.htm. By 1914, the 51mile canal was completed and began operations. The Panama Canal's greatest benefit was its effect on transportation between the east and west coasts of the U.S. We cover over 100+ disciplines; frequently requested being: Essays, Research papers, term papers, thesis/dissertations, reports, projects, among others. Before the expansion, the canal was too small for liquefied natural gas ships. The writing style will be so academic that you will think you wrote it yourself. Contrary, other effects on the immediate environment are noted. The Panama Canal Authority (ACP) estimates that within the next 20 years, the number of cruise ships crossing the Canal will increase by an average of 3% per annum, with the capacity to receive larger cruise ships more efficiently, opening a new era … The third set of the Panama Canal locks, which was inaugurated on June 26, has raised considerable safety concerns which could lead to accidents and delays for shippers and higher claims for insurers, according to a report from PGI Intelligence.. The greatest user with regards to cargo tonnage is America, closely followed by Japan and China. You may be asking yourself….. "How did this idea evolve?" Services include the Panama Canal, banking, commerce, the Colón Free Trade Zone, insurance, container ports, and flagship registry, medical and health and tourism. We are available 24/7 to assist you with your homework so that you can have some time off school work. 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