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

Question

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

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

Answer 1

The statement that best describes a key factor that affected Latin American efforts to industrialize after World War II is:

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

This reflects the challenges that many Latin American countries faced in trying to develop their industries while also dealing with international trade barriers and competition. Protectionist policies were implemented to foster local industries, but they still contended with external pressures and costs that could hinder growth and profitability.