An article in Capital.com.pa by Darsy Santamaría Vega reports that "Darwinism is perfectly applicable to the business world: Only the strongest and most able to adapt to change, will evolve and survive."
Factors that limit the competitiveness of enterprises, says Santamaria Vega are "restrictions, monopolies and oligopolies in the Panamanian economy, weak education, excessive bureaucracy and lack of road infrastructure, elements that put us at a disadvantage to exploit the trend towards the full opening of markets. "
And the writer says that the fastest growing sectors in Panama are precisely the most exposed to competition, quoting Carlos Gonzalez Ramirez of the Panamanian Association of Business Executives (Apede), who says that "the sectors with the most openness in Panama, such as finance, ports and tourism, reported higher growth as they are being more exposed to global competition.
Gonzalez Ramirez insists that "Competition makes companies more competitive and determines their survival in the market."
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The local strategy includes overcoming deficiencies in order to compete with their counterparts in Vietnam, China and Cambodia.
Only those that adapt will survive. By applying the Darwinian theory of survival of the species to businesses, the Honduran companies are trying to improve their competitiveness in the global market with the project called "Improving the competitiveness of the textile and manufacturing industry in Honduras."
Leaders of Panama's private sector and the government are to hold their third annual National Forum on how to make the nation's industries more competitive.
The forum will be held in October, and in recent weeks the targets from last year's forum have been analyzed with a view to identifying those that have been achieved and those that have not.