Which of the following is an important reason why Latin American policy makers initially chose an ISI model of industrialization while East Asian planners quickly turned to an EOI model?
A) Latin America was better suited for early industrialization than Asia was
B) Many of the Latin American nations had command economies
C) Latin America began to industrialize during the Great Depression, when there was a great decline in world trade. On the other hand, East Asia began its major industrial growth in the decades after World War II, when world trade was expanding rapidly
D) The unions were too powerful in East Asia
E) The U.S. blocked EOI in Latin America
Correct Answer:
Verified
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