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The Panama Canal, one of the most important chokepoints in global trade, has caused many environmental and ecological problems since it was built and expanded. These problems include deforestation , the spread of invasive species , water and air pollution, and water shortage.
The Impossible Dream: The Building of the Panama Canal. New York: William Morrow & Company, Inc. McCullough, David (1977). The Path Between the Seas: The Creation of the Panama Canal, 1870–1914. New York: Simon & Schuster. ISBN 0-671-24409-4. Schlesinger, Arthur T. (1999). Building the Panama Canal. Chronicles From National Geographic.
The former head of the Panama Canal's dredging division, Thomas Drohan, a critic of the expansion plan, discounted allegations that this is a problem in the short term. He argued that if the supply of any good or service becomes short, businesses can raise their prices; this would apply to Panama Canal tolls as much as it does to petroleum. [15]
Secretary of State Marco Rubio sent a warning about the Panama Canal, saying the current status of the trade route is “unacceptable.” According to a summary of Rubio’s meeting with Panama ...
Latin American leaders on Monday rallied to Panama's defense after U.S. President-elect Donald Trump threatened to reimpose U.S. control over the Panama Canal, a key global shipping route located ...
Since 2000 the canal has been operated by the Panama Canal Authority, whose administrator, deputy administrator and 11-member board are selected by Panama’s government but operate independently.
The Panama Canal cost the United States about $375 million, including $10 million paid to Panama and $40 million paid to the French company. Although it was the most expensive construction project in US history to that time, it cost about $23 million less than the 1907 estimate despite landslides and an increase in the canal's width.
The Panama Canal’s future security may depend less on scrutinizing foreign presences and more on rekindling the kind of robust American partnership that made the Canal’s success possible in ...