What does this expression mean and where does it come from? It is an optimistic view that things will work out. Its origin comes from when prospectors used to look for gold. They kneel by the river or stream and wash dirt from the bed in a shallow pan. This is called panning. Traditionally, when prospectors were sure they'd find gold, they said things"would pan out." When they didn't find gold, they said things "didn't pan out." Source: Gold!, by Gordon Javna.
Doesn't this sound a lot like economic development?
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