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Bahamas: An Emerging Economy
Bahamas
is a continental island, consisting approximately 700 islands within
it. Based on democracy the government follows a parliamentary system.
When it comes to natives, Arawak Indians are considered to be among the
first who resided here. Famous discoverer of Unites States of America,
Christopher Columbus landed in one of the island naming San Salvador.
During 18th century it was one of the safest and most visited
places for pirates. From the year 1717 Bahamas was considered as a
crown colony. It was in 1964, when locals started governing then nation.
Once Lyndon O. Pindling, first prime minister of Liberal Party, took
position the nation never looked back. The agreement made during year
1969, Bahamas no more remained a British colony and turned into an independent country on July 10, 1973.
Rapidly Growing Economy of Bahamas
Since
country is gifted with excellent conditions for agriculture, several
years after freedom agriculture remained the prime source of generating
incomes. One of the major changes made through government’s policies
regarding overall development of the country, is seen through number of
tourism spots developed. With ample natural resources, it certainly has
become one of the better tourists spot in recent few years. Tourism is
one of the bigger sources of income for government. Yet another factor
is international shipping that has assisted Bahamas big
time. These are basic reasons, why it has been spotted among the top
ten countries throughout the world, as far as per capital income
individually is concerned.
Economic Drawbacks
Though
recent developments have shown great signs, still the difference
between poor’s and high class is widening. Government policies have not
been implemented successfully. Though tourism has thoroughly increased
GDP, but hurricanes occurring consecutively cause tremendous losses
every year.
Country of 700 Islands
Famously called as the country of 700 islands, Bahamas
is popular for its islands. It has been the reason with increased
awareness more and more number of people is making tours here. In recent
few years this amazing place and home for fishers have developed some
world class underwater parks. With one of the most astonishing beaches
of the world, this seriously is the place you have been looking for. For
divers Bahamas is the dream land amazing challenges are available with one of the longest shoreline. Yet another feature that differentiates Bahamas
from others is different colours of sands in various beaches. From pink
to dark brown sand in Eleuthera and Exumas it’s fantastic.