Import substitution industrialization (ISI) did not work in the long term in Latin America because:
A) Latin American countries were already so far behind economically they could not catch up
B) Latin American countries were already so far ahead economically that there was no need for the ISI strategies
C) It was impossible for Latin American countries to export locally made goods to other markets because they were generally of low quality due to the lack of competition in the home market.
D) A & C
E) None of the above

Question

Quizplus · Accepted Answer

ISI strategies often led to the production of low-quality goods due to lack of competition, making it difficult for Latin American countries to export these goods to other markets.

Import Substitution Industrialization (ISI) Did Not Work in the Long