Since the end of import substitution industrialization (ISI) and the beginnings of neoliberalism in the 1990s, which is a FALSE statement concerning globalization and development in Latin
America?
A. is in previous decades, most countries today still export primary products
B. based on total output, the largest economies are Brazil, Mexico and Argentina
C. however, Chile,
Argentina, and Uruguay are characterized by higher standards of living as measured by HDI,
than either Brazil or Mexico
D. the informal economy tends to be very important in many of the region's countries
E. manufacturing is most important in Caribbean countries