What was a main goal for Latin American countries trying import substitution industrialization (ISI) policies in the late twentieth century?

Question

What was a main goal for Latin American countries trying import substitution industrialization (ISI) policies in the late twentieth century?

They wanted to create stronger economies that relied less on exports.

They believed that price controls are an important economic strategy.

They wanted to ignite conflicts over government roles in the economy.

They wanted to eliminate all foreign influences from their countries.

Answer 1

The main goal for Latin American countries trying import substitution industrialization (ISI) policies in the late twentieth century was to create stronger economies that relied less on exports. By implementing ISI policies, these countries aimed to develop their domestic industries and reduce their dependence on imported goods, ultimately leading to greater economic self-sufficiency and growth.