Question

Which of the following describes a key factor that affected Latin American efforts to industrialize after World War II?(1 point)
Responses

Latin American countries only tried to sell to other Latin American countries, which made the entire region financially unstable.
Latin American countries only tried to sell to other Latin American countries, which made the entire region financially unstable.

Latin American countries had systems to protect their own industries, but could lose profits because of costs other countries placed on their goods.
Latin American countries had systems to protect their own industries, but could lose profits because of costs other countries placed on their goods.

Latin American countries did not know how to build industries in their own countries because they had never done this.
Latin American countries did not know how to build industries in their own countries because they had never done this.

International banks were reluctant to give loans to Latin American businesses because they were not growing by the early 1970s.

Answer 1

Latin American countries had systems to protect their own industries, but could lose profits because of costs other countries placed on their goods.

Explanation: After WWII many countries used import-substitution industrialization (tariffs, subsidies, quotas) to build local industry. That reduced export earnings and left manufacturers vulnerable to foreign trade barriers and limited access to overseas markets, which constrained growth.