ISI policies helped to lift many Middle/South American countries out of poverty in the 1950s.

Question

Quizplus · Accepted Answer

While Import Substitution Industrialization (ISI) policies aimed to reduce foreign dependency and stimulate domestic industries in Latin American countries during the mid-20th century, they did not universally lift these nations out of poverty. Many countries faced issues such as increased debt, inefficient industries, and economic stagnation as a result of these policies.

ISI Policies Helped to Lift Many Middle/South American Countries Out