- moved away from import substitution
They stopped, or diminished, the practice that is now called ISI, (or Import Substitution Industrialization) which is an economic policy that aims to replace foreign products that were being imported with other products that are being made in the country. This policy is meant to reduce the dependency of the country on foreign goods. After that, the economies in Latin America were growing very much. Eventually, obviously, people might criticize the fact that they are not allowed to get what they want, that the market isn't free and so on.
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Moved away from import substitution.
After the 1960's Latin American governments moved away from import substitution.
Import substitution industrialization (ISI) refers to a trade and economic policy which upholds replacing foreign imports with domestic production. Impot Substitution Industrialization is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products.
The answer is A. moved away from import substitution
The economic shocks conveyed by the depression and two world wars, in combination with the quality of patriotism, tilted monetary arrangement after 1945 firmly toward interior advancement as against the outward introduction that had prevailed since autonomy.
The outward strategy had been in part undermined by the exchange controls and modern advancement plans embraced basically as protective measures in the result of the sadness and amid World War II.
Presently, nonetheless, a reorientation of a strategy was unequivocally called for by some of Latin America's most compelling figures, for example, the Argentine market analyst Raúl Prebisch, leader of the United Nations Economic Commission for Latin America. Prebisch and his devotees demanded that the terms of exchange and interest in the contemporary world were stacked for the created modern countries of the "inside" as against the creating countries of the "outskirts." Their methodology subsequently included accentuation on monetary enhancement and import substitution industrialization (ISI) for more prominent financial self-sufficiency. They called for financial joining among the Latin American nations themselves, with a view to accomplishing economies of scale.
What's more, they prescribed inner basic changes to enhance the monetary execution of their nations, including land change both to take out underutilized "latifundios" and to diminish the unmistakable imbalance of pay circulation that was a deterrent to development of the local market.
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the answer is c.
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1.what change did latin america governments make to their econ...