This was the first economy where sugarcane would become an export equal to, or perhaps even more lucrative than, tobacco:

Island of Barbados.

Explanation:

Barbados is located in the Atlantic Ocean, about 2500km from Miami and close to other Caribbean islands such as Granada and Martinique. This island has about 430 km², 250,000 inhabitants, was a British colony and is part of the Commonwealth. Tourism is a strong driver of its economy today, but sugarcane production is traditionally local, and is the first place where sugarcane has become a crop of strong export equal to or perhaps even more profitable than tobacco.

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