Environmental and Economic impact of the Panama Canal Expansion

Yasmeira Benedicta Penaloza Diaz

Bachelor's thesis

Abstract:

The Panama Canal has long been recognized for its significant impact on global trade and the economy, serving as a vital link between two oceans and facilitating commercial activity. Despite being one of the smallest countries in the world, Panama has experienced remarkable economic growth, fueled by the success of the Canal and its strategic location. Under Panamanian administration since 2000, the Canal has undergone substantial changes to meet the evolving demands of international maritime transport. These changes were driven by shifts in global maritime activity and the need to enhance the Canal's operational capacity. This thesis delves into the economic impact of the Panama Canal expansion project, examining its feasibility, costs, benefits, and effects on global trade and competition. The literature review explores the historical significance of international trade and transportation, highlighting the role of the Panama Canal in facilitating global commerce. The practical analysis includes a cost-benefit assessment based on data from the Panama Canal Authority, evaluating construction costs and projected revenues. Overall, the Panama Canal expansion project represents a significant milestone in the history of global trade and has the potential to further bolster Panama's economic growth and international standing.

Keywords

Panama Canal Expansion, Economic Impact, Carbon emissions, Climate change, Water resources management

Language used: English

Date on which the thesis was submitted / produced: 17. 3. 2024

Thesis defence

• Date of defence: 28. 5. 2024
• Supervisor: doc. Ing. Petr Procházka, MSc Ph.D.
• Reader: Adam Skalický, Ing.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme:
Economics and Management