Sponsor Area

Transport And Communication

Question
CBSEENGE12025125

“The Suez and the Panama canals are two vital man-made navigation canals which serve as gateways of commerce for both the eastern and western worlds.” In the light of this statement explain the economic significance of these two canals. 

Solution

Economic Importance of the Suez and the Panama Canals

The Suez Canal:

(i) It has given Europe a new gateway to Indian Ocean and Australia.

(ii) It has shortened the distance thereby saving time and fuel.

(iii) It has become cheaper as compared to Cape of Good Hope route.

(iv) Suez is sea level canal.

The Panama Canal:

(i) This canal has linked Eastern America with Western America.

(ii) It also links Europe with Western America.

(iii) It has shortened distance between Europe and Western America.

(v) There are locks in the canal in spite of it is more economical.