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Home The strategic importance of the Panama Canal : past, present and future / João C. Aleixo

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The strategic importance of the Panama Canal : past, present and future / João C. Aleixo

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Identifier	Thesis 1778
Author	Aleixo, João C., 1969-
Title	The strategic importance of the Panama Canal : past, present and future / João C. Aleixo
Publisher	Central Connecticut State University
Date	2005
Resource Type	Master's Thesis
Notes	The dream of building a great canal across the Isthmus of Panama dates back several centuries ago when Spanish explorers first visited the area. Their goal was to build a canal designed to facilitate communications between the colonies and the motherland. Ultimately built by France and the United States, the Panama Canal has played a crucial role in the transportation of goods for the local and world economies since it first opened in 19 14. The Panama Canal is facing many challenges. For instance, growth in maritime trade is expected to place a strain on the canal's operations. In addition, the size of vessels is getting larger and larger, primarily as a result of improvements in technology associated with container loading. The canal also plays a pivotal role in the supply of water to the local population. Given this importance, the Panama Canal Authority is contemplating a massive expansion plan that calls for the construction of a new set of locks. However, this expansion will have many economic, social, and environmental implications. As such, one must assess whether it is economically feasible to expand the canal with a new set of locks and thus satisfy the needs of the shipping community while preserving the environment and ensuring adequate water supply to the local population. Utilizing information obtained from scholarly journals, studies and reports, newspaper articles, government data, books, archival databases, among others, this thesis argues that the benefits associated with this expansion plan have not yet been proven to the general public. This is evidenced by the lack of available and published data regarding the economic feasibility of this project. Nevertheless, based on preliminary studies conducted, the benefits of this expansion plan do not outweigh the costs involved in such a project. Furthermore, the social and environmental implications are simply too high to justify the proposed expansion. The thesis argues that the strategic importance of the canal will continue to grow in the future even without the proposed expansion plan. The growing role of the Panama Canal as a major hub for transshipments will ensure that the canal remain strategically important for many years to come. For instance, a great number of shipping companies are utilizing the Panama Canal area to load and off-load containers from larger ships to smaller ships. This will ensure that the canal remains commercially viable in the future. The thesis also argues that the focus of the Panamanian government should instead be on the protection of the Panama Canal Watershed area which provides the water necessary not only to run the canal but also to supply the local population. While various studies are being performed to determine the economic feasibility of expanding the canal, not enough studies are being conducted to protect the watershed area. If this area is not protected, any type of expansion of the canal will not be possible.
Subject	Panama Canal (Panama)
Department	Department of International and Area Studies
Advisor	Rickard, Timothy J.
Type	Text
Digital Format	application/pdf
Language	eng
OCLC number	61522807
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