Compare Mexico’s and Argentina’s economic success post-World War II.(1 point)

Question

Responses

They both had governments and economic successes that were destroyed by the United Fruit Company.
They both had governments and economic successes that were destroyed by the United Fruit Company.

They both nationalized industries that were economic problems.
They both nationalized industries that were economic problems.

They both created national oil industries that still survive today.
They both created national oil industries that still survive today.

They both relied on foreign private companies to build wealth.

Answer 1

They both implemented import substitution industrialization policies to promote domestic industrial growth.

Overall, Mexico's economic success post-World War II was stronger than Argentina's. Mexico experienced rapid industrialization and economic growth, particularly in the automotive and manufacturing sectors. In contrast, Argentina faced economic challenges, including high inflation and external debt, leading to periods of economic instability. Mexico's national oil industry, PEMEX, played a significant role in its economic success, while Argentina's nationalization of industries faced challenges and did not lead to sustained growth.