Which of the following has been the largest problem in economic growth in Latin America in the post WW II era?

Question

Quizplus · Accepted Answer

Negative total factor productivity (TFP) growth means that the economy is becoming less efficient in producing output with the available resources, leading to slower economic growth. This has been a significant problem in Latin America since the post-World War II era. The region has struggled to adopt new technologies and increase efficiency in production, leading to lower productivity and slower economic growth compared to other regions. Rapid labor force growth and a surplus of human capital can be positive factors for economic growth if properly utilized, while FDI and free trade can bring benefits and challenges depending on how they are managed.

Which of the Following Has Been the Largest Problem in Economic