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ANGUILLA

ECONOMY:
Anguilla has few natural resources, and the economy depends
heavily on luxury tourism, offshore banking, lobster fishing, and remittances
from emigrants. The economy, and especially the tourism sector, suffered
a setback in late 1995 due to the effects of Hurricane Luis in September
but recovered in 1996. Increased activity in the tourism industry, which
has spurred the growth of the construction sector, contributed to economic
growth in 1997-98. Anguillan officials have put substantial effort into
developing the offshore financing sector. A comprehensive package of financial
services legislation was enacted in late 1994. In the medium term, prospects
for the economy will depend on the tourism sector and, therefore, on continuing
income growth in the industrialized nations as well as favorable weather
conditions.
DESCRIPTION
Anguilla is a small, secluded, flat, skinny island.
The climate is dry and the beaches are beautiful. Legend has it that Christopher
Columbus spotted the island from his ship and named it Anguilla, which
means eel in Spanish. Tourism came late to Anguilla, with an explosion
in the 1980's. The island is known as a retreat for celebrities, and is
sometimes called the "South Beach" of the Caribbean.
There is some disagreement among historians as to whether Columbus came
upon the island of Anguilla. Some say he did spot it and named it Anguilla,
Spanish for "eel," because of its long and slim shape. Others
say he never did discover the small island. At any rate, the island was
inhabited by peaceful Arawak Indians when British settlers arrived in
1650.
Of course, the French eventually became interested in the island. In 1745,
a large troop of French soldiers landed at Crocus Bay and attempted to
overrun the English colony. They were unsuccessful, however, just as they
were several decades later, in 1796. On both occasions, although the mostly
British colonists were outnumbered, they managed to repel the French invaders.
Thus Anguilla is one of the few Caribbean islands to be ruled by one empire
throughout the colonization of the New World. In 1825, England deemed
the three islands of St. Kitts, Nevis and Anguilla a single Crown Colony.
A century later, during the 1950s, Anguillans began to convey their displeasure
at being lumped together with St. Kitts and Nevis. On two occasions, they
appealed to the British government for direct rule, but were essentially
ignored. When Britain made the three-island colony an associated state
in 1967, Anguilla seceded from the trio, refusing to be subservient to
a legislature based in St. Kittsan island 70 miles away.
For two years, the islanders were self-governed. Then in 1968, the British
government sent in one of their senior officials, who worked with the
Anguilla Council for an entire year. In 1969, a referendum confirmed the
Anguillans wished to remain apart from St. Kitts and Nevis, and one month
later, British paratroopers landed on the island for a "peacekeeping"
mission. To their surprise they were met by smiling Anguillans who wholeheartedly
welcomed their presence. Britain officially made Anguilla a Crown Colony
again in 1971. A new constitution was adopted in 1976, with a group of
elected ministers tending to most of the island's affairs.
With its political problems behind it, Anguilla then began to concentrate
on the tourist industry. Fortunately, the government has taken measures
to ensure development occurs at a slow and steady pace to preserve the
island's beauty and natural surroundings.
Anguilla's dry climate and its limestone composition make it unsuitable
for agriculture crops; as a result, the island did not witness the slave
importation and plantation society of many other Caribbean islands. Instead,
its residents have historically excelled at fishing and boat-building.
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