how is guatemalas economic experience post world war 2 different from mexicos
After World War II, Guatemala's economic experience was characterized by political instability, social inequality, and a lack of industrial development. The country went through a period of economic growth in the 1950s under the presidency of Juan José Arévalo, but this was followed by a military coup in 1954 that led to a series of oppressive military dictatorships. The economy suffered from chronic instability, high inflation, and external debt.
In contrast, Mexico's economic experience post-World War II was marked by the implementation of import-substitution industrialization (ISI) policies, which aimed to promote domestic industry and decrease dependence on foreign imports. This led to significant industrial growth and diversification of the Mexican economy. Furthermore, Mexico experienced periods of economic stability and growth under the presidencies of Miguel Alemán and later, the "Miracle of Mexico" during the 1960s and 1970s.
Overall, Mexico's economic experience post-World War II was more stable and successful compared to Guatemala's, which faced political turmoil and social inequality that hindered economic development.