Panama
tax havennation state
| Panama link () Sourcewatch | |
|---|---|
| File:Panama on the globe (Americas centered).png | |
 | |
| Location | Central America |
| Type | nation state |
| Has a globally important shipping route. | |
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Panama is a country in South America with geopolitical importance due to it's location. It is considered a tax haven,[1] one of the oldest and best-known in the Caribbean,[2] and it's population is 80% catholic.[3]
Importance
The Panama Canal is a shipping route of international importance.
History
- Full article: United States invasion of Panama
- Full article: United States invasion of Panama
The country was invaded by the US when Manuel Noriega ceased being a reliable executor of instructions from the US, probably due to him blackmailing US politicians and others.
Army abolition
It abolished its army in 1990. Its northern neighbour, Costa Rica, abolished its army in 1949.