What opportunities does bahamas have to increase its diversification? explain your answer.

Well, the Bahamas could:

1.)- Exporting Business (addition to or expansion of on-site tourism trade): 
> Agriculture (may be difficult for health and insect concerns) , 
> Beach clothing/sandals, 
> Native music, 

2.)- Major Convention Facilities (attached to new or existing hotels and restaurants),

3.)- Boat and Ship Building, 

And...

4.)- Marine Biology and Fisheries Science (in partnership with one or more Universities).