How is Guatemala’s economic experience post-World War II different from Mexico’s?(1 point)

Answer 1

Guatemala’s economic experience post-World War II differs from Mexico's primarily in terms of development strategies and outcomes.

1. Economic Growth and Industrialization: Mexico pursued a strategy of import substitution industrialization (ISI) that promoted domestic manufacturing and led to significant economic growth and diversification. In contrast, Guatemala's economy remained largely agrarian and reliant on exports of cash crops, such as coffee and bananas, often dominated by foreign companies. This dependency limited industrial growth and economic diversification.

2. Political Stability and Governance: Mexico experienced relative political stability, which allowed for sustained economic policies and reforms. In contrast, Guatemala faced significant political instability, including a CIA-backed coup in 1954 that overthrew a reformist government. This instability hindered consistent economic development and perpetuated cycles of poverty and inequality.

Overall, while Mexico's post-WWII experience was characterized by industrial growth and political continuity, Guatemala's was marked by agricultural dependency and political turmoil, leading to stark differences in economic outcomes.