Comparison between Panama and the United Arab Emirates

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I chose to compare the United Arab Emirates to Panama because both countries are experiencing significant economic growth even though many countries are experiencing problems with the economy. Both countries are located in close proximity to important regional waterways. The United Arab Emirates has the Straits of Hormuz, while Panama has the Panama Canal. The Strait of Hormuz is a waterway between the Gulf of Oman and the Persian Gulf. It is bordered by Iran, United Arab Emirates, and Oman Musandam Peninsula. About 20% of all the world’s petroleum passes through the Strait of Hormuz. At its narrowest, it is 21 nautical miles wide. The Strait is used to import and export items into the countries that border the strait, including the United Arab Emirates. The Panama Canal is a 48 mile Canal that connects the Atlantic Ocean and the Pacific Ocean. The Canal is located on the Isthmus of Panama making it a perfect place for the Canal. The Canal is used to decrease the amount of transportation time for ships traveling throughout the area. There are locks at each end that lift ships up to the Gatun Lake, a lake made for the canal. It is 85 feet above sea level. It takes a ship an average of 8-10 hours to travel through the Panama Canal. Both countries generate billions of dollars through the waterways, although the United Arab Emirates generates more money than Panama.
The principal commercial centers in Panama are Panama City and Colon. Both border on the Panama Canal. The principal commercial centers in the United Arab Emirates are Dubai and Abu Dhabi. Both of these commercial centers are on the Persian Gulf and just to the east of the Strait of Hormuz. Ships leaving these commercial centers must pass through t...

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Works Cited

ADCOP – Abu Dhabi Crude Oil Pipeline Project." IPIC. N.p., 2014. Web. 13 May 2014.
Simoes, Alexander. "The Observatory of Economic Complexity." OEC: Panama (PAN)
Profile of Exports, Imports and Trade Partners. Creative Commons Attribution-ShareAlike 3.0 Unported License, n.d. Web. 13 May 2014.
Simoes, Alexander. "The Observatory of Economic Complexity." OEC: United Arab Emirates
(ARE) Profile of Exports, Imports and Trade Partners. Creative Commons Attribution-ShareAlike 3.0 Unported License, n.d. Web. 13 May 2014.
"Troubled Strait: Conflict Over Hormuz Would Be Costly to Gulf Economies-
Knowledge@Wharton." KnowledgeWharton Troubled Strait Conflict Over Hormuz Would Be Costly to Gulf Economies Comments. N.p., 8 Feb. 2012. Web. 13 May 2014.
"United Arab Emirates GDP Growth Rate." TRADING ECONOMICS. N.p., 2014. Web. 13
May 2014.

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