The Substitution of Traditional Imports by Increasing Domestic Industrial Production

The substitution of traditional imports by increasing domestic industrial production in Latin America began to fail in the 1960s because

A) they often lacked sufficient labor to allow them to compete with foreign manufacturers.
B) Japan refused to buy any goods from countries using import-substitution.
C) domestic markets were too small and countries were unable to find enough foreign buyers.
D) United States firms effectively stifled attempts to establish industry in Latin America.
E) foreign capital costs and a welter of other, highly technical problems fatally weakened attempts to expand Latin American industry.