Compare Mexico’s and Argentina’s economic success post-World War II.(1 point)
Responses
They both relied on foreign private companies to build wealth.
They both relied on foreign private companies to build wealth.
They both nationalized industries that were economic problems.
They both nationalized industries that were economic problems.
They both had governments and economic successes that were destroyed by the United Fruit Company.
They both had governments and economic successes that were destroyed by the United Fruit Company.
They both created national oil industries that still survive today.
Mexico's economic success post-World War II was primarily driven by its national oil industry, which still plays a significant role in the country's economy. On the other hand, Argentina did not have a national oil industry to rely on but instead focused on other industries such as agriculture and manufacturing.
Additionally, Mexico experienced a period of rapid industrialization and urbanization, leading to significant economic growth. Argentina, on the other hand, faced economic challenges due to political instability and fluctuating commodity prices.
Overall, Mexico's economic success post-World War II can be attributed to its focus on the oil industry and industrialization, while Argentina faced challenges due to political instability and a lack of diversification in its economy.