SELECT ALL THAT APPLY. In the late 1980s, Latin American states adopted which of the following policies?

Question

Quizplus · Accepted Answer

Latin American states adopted policies of liberalization of domestic markets (B) and opened trade and financial ties with foreign firms (C) in the late 1980s, which is commonly referred to as the era of neoliberalism. They moved away from the import substitution policies (D) that they had adopted in the 1950s and 60s that proved to be unsuccessful in promoting economic development. Accommodating inflation (A) was not a policy adopted by Latin American states in the late 1980s, as inflation was a persistent problem during this period that they sought to control through economic reforms.