Caribbean economies are said to be very vulnerable. Globalization has brought us closer as a world than we ever were before. Its benefits are experienced by all, but its challenges seem to way heavier on certain economies. Turks and Caicos Islands is no exception as a British Overseas Territory (BOT). The islands enjoyed surplus balance of payments until 2020. The Government of the Island (TCIG) opted to borrowed USD$80 million from the Trinidad and Tobago based Republic Bank Limited (RBL).

1. Discuss FOUR (4) internal factors, with illustrating examples, that hinder economic development within the Turks and Caicos Islands. (16 marks)

1. Identify and explain THREE (3) challenges that Globalization, with illustrating examples, poses to Turks and Caicos Islands. (12 marks)

1. Explain the reason why the TCIG opted to borrow money from a regional commercial bank to weather the early effects of the pandemic. (8 marks)

1. Discuss how imperialism (identifying any imperial relations) can inhibit the economic growth and development ofTurks and Caicos Islands. (4 marks)