Almost nothing, agricultural or manufactured goods, is produced in TCI. It is all shipped in at huge expense, inconvenience, and use of fossil fuels. On South Caicos, nothing would grow. The soil is only a few inches thick above sandstone and almost entirely sand, and much of it is full of salt from the salinas. Fresh water is also scarce. I've read that conditions are slightly better on Middle Caicos, but the crops they have don't do very well. After the American Revolution, a community of exiled Loyalists settled here and attempted cotton and sugar cane plantations, but apparently they were never that productive and were abandoned after a trade blockade during the War of 1812 and a severe hurricane. I'm not sure exactly why we don't get more locally produced seafoods, but it is probably cost related and just easier to cook processed foods - regrettable, but I can't complain because I don't pay for it.
So what keeps the TCI economy going? On South its mainly conch and lobster exports. On Grand Turk there's a little tourism, but it's mostly government. On Provo its finance. The sort of "finance" you'd like to hide from the eyes of regulatory agencies at home. There's also high-end luxury tourism on Provo (i.e. places where you can find a room for $10,000 per night) as a consequence of the offshore finance. The financial sector has, of course, suffered most directly from the recession, but I'm unsympathetic.
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