Which one of the following was NOT true of Latin American statism?
A) It encouraged greater state ownership in the economy
B) It led countries in the region to lower protective tariffs and supported free trade
C) It left most of the economy in the hands of the private sector
D) In the major Latin American economies it was associated with import-substituting industrialization (ISI)
E) It protected many inefficient local industries
Correct Answer:
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