An article in the Economist magazine compares Panama to Singapore. It quotes Panama's president as saying: "We copy a lot from Singapore and we need to copy more." The article observes that: "Panama is not even one-fifth as rich as its Asian model on a per-person basis. But Singapore would envy its growth: from 2005 to 2010 its economy expanded by more than 8% a year, the fastest rate in the Americas." Judging from the experience of Singapore, if Panama is to maintain these high growth rates, what needs to be true about the sources of Panama's growth?