Question

Describe two challenges of industrializing that Latin American countries faced after World War II. Please answer in 2-4 sentences with specific examples from the lessons.

Answer 1

One challenge of industrializing that Latin American countries faced after World War II was a lack of capital to invest in infrastructure and technology. For example, Mexico had to rely on foreign loans to fund industrial projects such as the development of its oil industry. Another challenge was the dependence on imported technology and expertise, which limited the ability of Latin American countries to develop their own industries. This was exemplified by Brazil's reliance on foreign companies to build its automobile industry.