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Essay / El Dorado: The Nicaraguan Canal - 1735
Trade routes have unsurprisingly played a major role in the economy and history of the world: thanks to them, we discovered, for example, that the land was round. Furthermore, this discovery resulted from a chance encounter with the Americas, en route from Europe to Asia. While the New World became the destination for major trade for centuries, new trade routes to Asia were still being sought. Ultimately, it was imperative to find a route that could connect the Atlantic to the Pacific Ocean, especially during the Gold Rush era when many people wanted to travel to California. Therefore, in the early 1900s, a canal was built in Panama, finally connecting the two oceans and thus improving global trade, shortening shipping routes and lowering transportation costs. However, before this canal was built, many countries debated whether it should have been built in Panama or Nicaragua, but, for a number of reasons, Panama was chosen. Today, a hundred years later, a Chinese company is offering to carry out the canal project for Nicaragua. Despite failed attempts in the past to construct this project, the Nicaraguan Canal is now feasible and would undoubtedly help the Nicaraguan economy; However, critics observed that the unreliability and potential problems, such as environmental damage, associated with the canal's construction would ultimately outweigh the benefits it would bring. Before the Panama Canal was built, there were first attempts to build a canal through Nicaragua. Nicaragua has almost perfect conditions for building an interoceanic canal: a large, deep lake 100 feet above sea level, a large navigable watercourse that connects the lake to the Atlantic Ocean (Ha.. .... middle of paper..... It is entirely feasible, due to its privacy policy (Cordoba). Furthermore, the increase in traffic due to the growth of global trade is extremely speculative (). Cave). Moreover, the 50-year concession giving HKND the right to build the canal in Nicaragua has already been canceled, all before further feasibility studies are carried out, which are supposed to be carried out in two years. (Alvarez, Nicaraguan PhD in environmental engineering from the University of Michigan, Pedro Alvarez, has strongly questioned the reliability of HKND and emphasizes that the canal must be built based on serious studies). , which he believes are not properly carried out with regard to the environmental effect of the canal. He mentions that a two-year study could be enough to confirm its feasibility and study. economically, but not long enough to study the environmental effect of the canal.