Compare Mexico’s and Argentina’s economic success post-World War II.(1 point)
Responses
They both created national oil industries that still survive today.
They both relied on foreign private companies to build wealth.
They both nationalized industries that were economic problems.
They both had governments and economic successes that were destroyed by the United Fruit Company.
It seems like there may be some misunderstandings in the responses provided. Mexico and Argentina have had different economic paths post-World War II.
In terms of economic success, Mexico has generally experienced more growth and stability compared to Argentina. Mexico implemented economic reforms in the 1980s that opened up its economy to foreign investment and trade, leading to increased economic growth. Mexico also has a diverse economy, with strong manufacturing and service sectors. On the other hand, Argentina has faced economic challenges, including high inflation and debt crises, which have hindered its economic growth.
Regarding national oil industries, Mexico created Pemex, its national oil company, which has played a significant role in the country's economy. Argentina, on the other hand, has not had a national oil company, although it does have significant oil reserves.
In terms of nationalizing industries, Mexico nationalized its oil industry in the 1930s, while Argentina did not have large-scale nationalizations post-World War II.
Overall, while both Mexico and Argentina have faced challenges and successes in their economies post-World War II, Mexico has generally seen more economic growth and stability compared to Argentina.