What is one of the main factors attributed to Panamá's booming economy?

Question

a. The control of Los Estados Unidos over the Panamá Canal

b. Panamá's sole control over the Panamá Canal

c. France's abandonment of the Panamá Canal project

d. Joint control of the Panamá Canal and Los Estados Unidos

Answer 1

One of the main factors attributed to Panamá's booming economy is:

b. Panamá's sole control over the Panamá Canal

After the U.S. handed over control of the canal to Panamá in 1999, the country was able to fully leverage the canal's operations and revenues, contributing significantly to its economic growth.