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Which of the following describes a key factor that affected Latin American efforts to industrialize after World War II?(1 point)
Responses
International banks were reluctant to give loans to Latin American businesses because they were not growing by the early 1970s.
International banks were reluctant to give loans to Latin American businesses because they were not growing by the early 1970s.
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.
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 only tried to sell to other
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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 Latin American states used protectionist (import-substitution) policies to build industry, but they faced high costs for imported machinery and inputs, limited export markets, and foreign competition/tariffs that reduced profitability and hindered long‑term industrial growth.
Explanation: After WWII many Latin American states used protectionist (import-substitution) policies to build industry, but they faced high costs for imported machinery and inputs, limited export markets, and foreign competition/tariffs that reduced profitability and hindered long‑term industrial growth.
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