Development in Latin America was predominantly driven by which of the following policies?

Question

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Import substitution policies dominated development in Latin America during the mid-20th century. This policy aimed to reduce dependence on foreign imports by promoting domestic industry and manufacturing. The government implemented protectionist measures such as tariffs and subsidies to support local production. The policy resulted in initial success, but ultimately led to inefficiencies and high production costs, hindering long-term economic growth.

Development in Latin America Was Predominantly Driven by Which of the Following