I have often wondered about the lack of young entrepreneurs in Panama. Most businesses are owned and operated by family and friends of the wealthy few in Panama. They got their positions through connections which explains a lot about the lack of business ethics and service orientation you find here. I thought it had more to do with lack of opportunity than desire on the part of the young person, but according to this article from La Prensa, most young people want the security of working for someone else. Schools teach students to be adverse to risk and for the most part are preparing people to become workers in established businesses rather than being the one who establishes the business. I think this is one of the real setbacks for Panama in developing a thriving middle class.In the U.S. the school systems also churn out hordes of worker bees, but even so, there is a large number of young people with ideas and energy who want to start their own businesses. The first step in making a change is realizing there is a deficiency and this article clearly shows the government is aware of the issues and are making efforts to change it.
To read the full, original article click on this link: Why so few entrepreneurs in Panama? - Panama Investor Blog
Author: Sam Taliaferro
