In the 1980s, which factor contributed to slow growth in Latin America countries?

Question

Quizplus · Accepted Answer

Excessive government intervention in the economy contributed to slow growth in Latin America countries during the 1980s. Government policies such as price controls, subsidies, and state ownership of industries led to inefficiencies and a lack of innovation in the private sector. This, coupled with external debt and inflation, contributed to the economic struggles of the region in that decade. While the other factors such as reliance on the drug trade, high birth rates, and excessive reliance on the United States for foreign trade also played a role, they were not the primary factor.

In the 1980s, Which Factor Contributed to Slow Growth in Latin