Administrative divisions of Portugal (on Terceira Island), the historical and cultural capital, is the home of the Azorean judiciary and seat of the Diocese of the Azores. Madeira is an archipelago that includes two principal islands, Madeira and Porto Santo, plus two uninhabited natural group of islands, the Desertas and Savage Islands (). The archipelago is located closer to Africa than Europe, is highly commercial and urbanized; its regional capital (Funchal) is developmentally comparable to urban centers in the Canary or Balearic Islands. The division of the Portuguese territory is established in title eight (Título VIII) of the Portuguese constitution: granting local authority to
Economy of the Cayman Islands Economy of the Cayman Islands The economy of the Cayman Islands, a British overseas territory located in the western Caribbean Sea, is mainly fueled by the tourism sector and by the financial services sector, together representing 50–60 percent of the country's gross domestic product (GDP). The Cayman Islands Investment Bureau, a government agency, has been established with the mandate of promoting investment and economic development in the territory. The emergence of what are now considered the Cayman Islands' "twin pillars of economic development" (tourism and international finance) started in the 1950s with the introduction of modern transportation and telecommunications. From