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Panama is The Fastest Growing Economy in Central America

Considering the economic sector, Panama is thought to be a well conditioned country in Latin America. In 2006 -2007 financial year, it had the highest GDP in all of Latin America.


Economy of Panama is highly affected for its geographical position. Blessings of western economy and its unique policy has fueled the growth of the country.


Economy of Panama is actually depended on the service industry, banking, commerce and tourism sector. More over, the government’s expenditure and the construction projects backed by the United States helped the economical condition to get in a high level.


Basically the economic growth came from the service sector. Because of the well developed service sector, 80% of the total GDP comes from this site. The key elements of service sectors are Panama Canal, banking, flagship registry, the Colon Free Trade Zone, insurance, container ports, medical and health.


Beside the service sector there are tons of industries that contribute in GDP. Some of the manufacturing industries are creating aircraft additional parts, adhesives, automobiles, cements, drinks, textiles. In an astonishing way the country is manufacturing the handmade artisan creation of Bush planes which are highly demanded by many entities.


The economy of Panama shows a good reflect of model GDP growth. Panama is the third highest country in the sector of per capita in Central America and the poverty rate of the country is 16 percent. Unemployment rate was 7.2% in the year of 2004.


One of the big differences between the economy of Panama and the economy of other countries are the highest levels of per capita income. In the world of development, Panama’s economy is marking itself with lots of strong sites.


On the other hand, construction of the Panama Canal made the growth in economy faster. It started from the 1900s and till in the twentieth century Panama Canal has been more successful than any other sector. In 1985 per capita gross national product became twice the average in other countries of Central America and South America. However Venezuela and Argentina had higher per capita than the economy of Panama.


Economy of Panama had a plus point with their paper currency, the United States dollar. Though the balboa was the local currency of Panama, it was mixed up with the United States dollar. People of Panama can only get balboa coins. United States determined the Panama’s money supply which came from Federal Reserve System. So for the Republic of Panama it was forbidden to print and devalue the currency and that made them enjoy the lowest inflation.


In 2002 the nominal GDP of the country was 11,691 million, 13,099 million in 2004, 14,004 million in 2005, and 15,141.9 million in 2006. This report was shown by the Office of Statistics and Census, Government of Panama. Growth from 2002 to 2006 has been especially strong in the transport and communications sector and was a major breakthrough in the economy of panama from 2002 to 2006. The calculation showed that this transportation and communication sector was the biggest contributor in the factor of GDP.


Although other sectors of the country’s GDP generators contributed more or less in growth of the GDP; in 2003-04 the Real GDP has increased to 7.5%, 6.9% in 2004-05 and 8.1% in 2005-06.

Panama is next big tourist destination. Come spend your Panama vacation in Gamboa Resort, in the rainforest luxury. When traveling the interior, stay in Gran Hotel Nacional, the best hotel in David, Chiriqui, Panama. Now is also the best time to invest in Panama real estate.

South & Central America Active Pharmaceutical Ingredients Market Analysis

HTML clipboardSouth and Central America Active Pharmaceutical Ingredients Market Analysis and Forecasts to 2020

This report provides in-depth analysis of the South and Central American API market with revenue forecasts up to 2020. The revenue forecasts, which include historical statistics of the market, are provided for the countries – Brazil and Mexico. The factors that drive and restrain the growth of the API market in South and Central America are also analyzed in the report. In addition, the research provides the market share analysis of the leading API producers in the region. The market for each country is analyzed based on product types and customer base.( http://www.bharatbook.com/Market-Research-Reports/South-and-Central-America-Active-Pharmaceutical-Ingredients-Market-Analysis-and-Forecasts-to-2020.html )

Scope

– Market revenues data from 2000 to 2008 and forecast for 12 years to 2020.
– API market in key countries – Mexico and Brazil.
– Coverage of the two major product segments of the API market in South and Central America – Synthetic and Biotech API.
– The two broad market sectors for synthetic APIs based on customer base, generic and innovative, have been included and revenue forecasts and analysis is provided for Mexico and Brazil.
– Drivers such as increasing demand for generic and biotech drugs and restraints such as the economic recession and price erosion for the South and Central American API market are also analyzed in the report.
– Information on the competitive landscape with the revenue shares of the leading companies such as Lonza, DSM, and Evonik Degussa.

Reasons to buy

– Develop business strategies by understanding the trends and developments that are driving the API market in South and Central America.
– Design and develop your product development, marketing and sales strategies.
– Develop market-entry and market expansion strategies.
– Identify key companies best positioned to take advantage of the emerging market opportunities.
– Benchmark different geographies by the historic and forecasted growth of the API market in South and Central America.
– Capitalize by identifying the API market segments poised for strong growth.
– Identify macro and micro-economic trends shaping and driving the API market in the region.

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We are the leading information aggregator, facilitates and supports the business information needs. With over 115,000 reports, you can get instant access and insights on the studies in yo for market research , corporate / strategic planning by providing the latest information in the form of reports, journals, magazines and databases on varied industries like automotive, oil and gas, shipping, textiles, pharmaceuticals, energy, banking, finance, insurance, risk management, country intelligence, consumer & durable goods, chemical and more ur areas of interest. Contact us at +91 22 27578668 / 27579438 or email info@bharatbook.com or our website www.bharatbook.com

Central Market


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Celebrating Christmas In Central And South America

In Central and South American nations, which have a fairly large Christian population, the Nativity or Manger Scene is the main decoration in homes at Christmas time. In Mexico, a Christmas tree may also be set up in some homes along with the Nativity scene or Nacimiento. The Christmas tree is usually a small artificial tree, called arbolito. It can also be as simple as a branch cut from a special type of tree or a type of shrub that is then minimally decorated. The primary Christmas celebration in Mexico is called La Posada. It is a religious procession that dramatizes how Joseph and Mary tried to find a place where Jesus could be born. During the procession, the participants carry images of Mary and Joseph and go from house to house seeking a place to stay. During Midnight Mass, which is called la misa del gallo or ‘rooster’s mass,’ those in attendance sing lullabies to Jesus. On Christmas Day children receive gifts as well as candies that are stuffed into a piñata. This may be one or more sculptures made of papier mache that are hung from the ceiling. Children are blindfolded and take turns hitting the piñata until it breaks and scatters the candies on the floor. All the children then scamper around as they try to get as much candy as they can. Children also receive a gift on Jan. 6 from the Three Wise Men, if they were good.

People in Venezuela usually put out pesebres, which show the Nativity scene, on Dec. 16. Early morning church services, called Misa de Aguinaldo, are also common from Dec. 16 to Christmas Eve. After Mass on Christmas Eve, a grand dinner is traditionally enjoyed.

In Argentina, red and white garlands are used to decorate houses. After attending Midnight Mass, Argentinians have a meal, toast each other, dance and go out to see fireworks. The meal may be roasted pork or turkey, stuffed tomatoes, mince pies, Christmas bread and puddings. Drinks such as cider and juice made from different fruits are used for the toast. Christmas gifts are opened on Christmas Eve just before the family retires to bed.

In Chile, Santa Claus is Father Christmas and is known as ‘Viejito Pascuero.’ He arrives in a similar but slightly different manner than Santa Claus because his reindeer is pulled by a taxicab. Chileans use small figures made from clay to place near the Christmas tree in a display called pesebre to show the Nativity story. The traditional Christmas dinner includes chicken soup with stuffed potatoes, onions and corn on the cob. Another favorite item is a Christmas bread that is called pan de pasqua and which is made with candies and fruits.

Christmas customs in Brazil originate from the many different ethnic groups who make up the country. The Nativity scene is called the Presepio and can commonly be found displayed in homes, churches and stores. Papai Noel, or Father Noel, resides in Greenland and brings gifts at Christmas. He is said to wear silk clothing because Christmas occurs during summer when it is very hot in Brazil. Midnight Mass on Christmas Eve is called Missa do Gallo, because the coming day is announced by the rooster and the Mass finishes at 1 am on the following day. A traditional Christmas dinner, called Ceia de Natal, includes ham, turkey, colored rice, a variety of vegetables and fruit dishes. Christmas Day Mass at Catholic churches are mainly held in the late afternoon because people enjoy sleeping late or going to the beach after having Christmas dinner. Christmas festivities, which include folk dancing and singing, continue until January 6th, which is called Three Kings Day.

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South and Central America Ophthalmic Devices Investment Opportunities

South and Central America Ophthalmic Devices Investment Opportunities, Analysis and Forecasts to 2015
 
 This report is an essential source for in-depth information and data relating to South & Central America ophthalmic devices market. It also offers detailed and comprehensive coverage of market revenue, volume, distribution and company share information; and the latest news, financial deals and pipeline products information of each of the key sub-segments of the ophthalmic devices market in South & Central America. ( http://www.bharatbook.com/detail.asp?id=126943&rt=South-and-Central-America-Ophthalmic-Devices-Investment-Opportunities-Analysis-and-Forecasts-to-2015.html )
 
 Scope
 
 - The report provides information on the South & Central American ophthalmic devices market, broken down into detailed categories and segments including Ophthalmic Devices, Cataract Surgery, Vision Care, and Refractive Surgery.
 - Total revenues, products sold and end users.
 - Market shares of all the key competitors including Bausch & Lomb Incorporated, Alcon, Inc., Johnson & Johnson Vision Care, Inc., and Essilor International, amongst others.
 - Key pipeline products that are set to shape the market, broken down by sector.
 - Information on the top medical equipment companies in the sector in the country covering business description, strategic analysis, and financial information.
 - Healthcare structure, regulatory environment, approval process, pricing trends and reimbursement.
 - Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
 - Key mergers and acquisitions, partnerships, private equity investments and IPOs.
 - Customer, hospitals and physicians data.
 
 Reasons to buy
 
 - Gain a strong understanding of the ophthalmic devices market in South and Central America.
 - Evaluate and compare the attractiveness of the market in the region.
 - Identify growth segments and opportunities in each industry sector within the region.
 - Evaluate the pipeline of key products that will change the sector, and identify threats and opportunities before the products are launched in the region.
 - Analyze the competitiveness of the market in the region and identify hotspots.
 - Develop strategies based on the latest product, brand, expansion and research and development news in the region.
 - Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market in the region.
 - Identify and analyze the strengths and weaknesses of the industry incumbents in the region.
 
 To know more and to buy a copy of your report feel free to visit : http://www.bharatbook.com/detail.asp?id=126943&rt=South-and-Central-America-Ophthalmic-Devices-Investment-Opportunities-Analysis-and-Forecasts-to-2015.html
 
 Or
 
 Contact us at :
 
 Bharat Book Bureau
 Tel: +91 22 27578668
 Fax: +91 22 27579131
 Email: info@bharatbook.com
 Website: www.bharatbook.com
 Blog: http://bharatbookresearch.blogspot.com
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We are the leading information aggregator, facilitates and supports the business information needs. With over 115,000 reports, you can get instant access and insights on the studies in yo for market research , corporate / strategic planning by providing the latest information in the form of reports, journals, magazines and databases on varied industries like automotive, oil and gas, shipping, textiles, pharmaceuticals, energy, banking, finance, insurance, risk management, country intelligence, consumer & durable goods, chemical and more ur areas of interest. Contact us at +91 22 27578668 / 27579438 or email info@bharatbook.com or our website www.bharatbook.com

Doing Business in Central and South Latin America

From the Spanish conquest, the wars of independence, the aftermath of independence, the search for political stability, the acute disparities of wealth, the periodic armed revolts by dissidents, the coup d’etat, military dictatorships, all have been a regular feature in Central and South America. Also the relationships with the United States and Europe, have contributed to shaping the “psyche” and culture of the “national” personality in each country.

Clearly it would difficult to suggest that there is a standard “Latin American Business Cultural Model”. Latin American business executives tend to be extrovert, impatient, talkative, and inquisitive. But of course, in Central America, Venezuela, Colombia, Brazil and Argentina, they are more extrovert than in Chile, Bolivia or Peru.

When preparing your trip, remember that many countries require a business visa to conduct business transactions. Avoid Christmas and the holiday season as everything slows down. Check the climate conditions particularly in countries such as Peru and Bolivia; altitude, rain, heat, etc. may affect your health. Documents such as letters, promotional literature, and presentation materials should be translated into Spanish. If you receive a reply from a Latin company in English, however, you may begin using English in correspondence.

Prior appointments are always preferred, preferably at least one week in advance, making sure you always check the appointment on the day of the meeting. Punctuality is expected and you must take into account the traffic congestion-especially in most of the Capital cities, such as Mexico City, Sao Paulo, Santiago de Chile, Buenos Aires, Lima, Caracas etc- this can be difficult, and you must plan ahead to ensure you have plenty of time to get to your destination.

Latin Americans, tend to be people oriented, they argue emotionally, and instead of giving strict orders, they prefer to do things by seeking favours. In contrast with the “individualist” Anglo-Saxon culture, the “collective” is above everything, as a result interpersonal skills such as the ability to “fit in” and maintain cordial relations with the group, are often considered more important than professional competence and experience.

It is in this context that the “Family” has a broader “collective” connotation as it embraces blood relations, distant family, friends, or even work colleagues. In fact do not be surprised to see Latin business executives intermixing their work environment with their “social-family life”. In this culture, nepotism is easily accepted as common practice; family members and relatives are preferred when recruiting staff. To that extent the individual member must take full responsibility for his or her decisions and how they affect the group or family structure.

In recent times there have been an interesting dual development in the business culture, on the one hand, the older generation continues doing business by often placing a greater emphasis on “trust” and “loyalty” by getting to know you personally, as for them, completing a human transaction is the best way they can invest their time. On the opposite side, the younger generation, especially those educated in the USA and Europe, are chiefly preoccupied with business concerns.

In family-owned businesses, senior family members usually make the final decision. In most other organizations, however, senior management makes decisions. Moreover, individuals with professional experience, who have a special understanding of the implications of the proposal, will often have input into the decision-making process

Times, like truth are relative concepts. Latins are not very interested in schedules or punctuality – they pretend to observe them if being asked or insisted. This creates conflict and irritation with Anglo-Saxon cultures Why they don’t arrive in time? Why they don’t work to deadline? Why they don’t follow a plan? In response, Latin people think they get more done their way!

The pace of negotiations is slower in Latin America than in Europe, as is customary, some preliminary conversation is considered necessary before each meeting, since it allows the participants to become personally acquainted. The best policy is to wait for your Latin counterparts to initiate any “small talk” and follow their lead in establishing rapport.

Meeting formalities must be followed; the two senior executives should sit facing each other. In general, Latin business executives prefer to be the ones “in control”, you should try to avoid monopolising conversations or putting pressure of any kind on your colleagues. Be sensitive to the fact that Latins tend to stand and sit extremely close to others. The best policy is to respect this practice and accept that it is the cultural norm. Moreover, attempting to move away will be perceived only as a cold rejection.

A manager’s status is attributed on grounds of family, age, educational and professional qualifications. They tend to have less specialisation than European or USA managers. Latins follow a top-down decision making process, where employees follow a trusting subservience to their superior as task orientation is dictated from above.

Opinions of experienced middle-mangers and technical staff do not always carry the weight that they would do in the UK, but as meritocracy slowly grows, their influence grows too. Latin managers are paternalistic and emotionally involved. Managers or heads of departments tend to concern themselves with the personal and private problems of their staff.

Business and corporate social life follow “old world” formalities; etiquette, manners and physical presence are measure of breeding and status symbols. It’s considered very important to maintain good posture at all times, even in more informal situations. A firm, assured, handshake is the customary greeting on all occasions. During the handshake, state your full name; your Latin counterpart will then reciprocate by doing the same. You will have to speak not only at a closer distance, but also maintain eye contact as an assurance of your genuine interest.

Local business people tend to be very status-conscious and will often be impressed by these displays. First impression is everlasting in the mind of a Latin. In general the Latin executives are highly conservative and traditional in their dress code. Men wear dark, conservative suits for all formal occasions.

For the Latin, pleasure is before business, and they use entertainment as a way of building a personal relationship with his/her potential business partner. Much leisure time is spent socialising with family, friends and colleagues, mostly at weekends. Business dinners, in particular, are usually purely social occasions, and as such you should refrain from discussing work-related matters unless your Latin contact brings up the subject. Ensure that you write a thank-you note following any social gathering where you were a guest. Thank-you letters can be very helpful in solidifying rapport.

Women, legally enjoy all the same rights as men in most of Central and South American countries. Depending on the degree of economic growth, urbanization, industrialization, education, and expanded opportunities in their respective country, women have better or worse positions in society. Practically the representation of women in the private sector’s upper and middle management is growing slowly, but remains fairly small. One can rarely mention a name, which can be easily identified with a women business leader.

Latin women tend to be meticulous dressers who closely follow European fashion. Female visitors are advised to bring conservative, stylish business clothes of the highest quality, including a cocktail dress. Often, women greet each other by quickly touching cheek to cheek and kissing the air.

For middle-class woman who want to combine job and family careers support provided by the extended family and the availability of maids is a pre-requisite. Latin businesswomen are going through the same dilemmas as business women in more other countries – in being mother, lover, wife, professional, and entrepreneur!

When doing business in Latin America, your always must make all the necessary preparations to leave a lasting impression about; your company, your products, yourself, your value systems and your attitude to business. In the final instance Latin American business people are asking themselves; Can I trust this person to do business with? Is our relationship sufficiently solid?

If the answer is YES , and trust has been acknowledge by both parties, then the business flows accordingly, and the chances of securing contracts and agreements are much greater.

Original article at www.intercultural-training.co.uk

Carlos Gonzalez Carrasco is a Latin America Business Development Consultant and Adviser to International companies entering into the Latin American market. He is a regular Commentator on Latin America Economic, Financial and Political risk issues for Bloomberg TV Financial Markets and Commodity News. He currently works as Latin American business analyst and consultant for Euromonitor Plc. He has an MBA from University of Westminster Business School and a BA in Business Studies from Chile.

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