The substitution of traditional imports by increasing domestic industrial production in Latin America began to fail in the 1960s because:
A. they often lacked sufficient labor to allow them to compete with foreign manufacturers.
B. Japan refused to buy any goods from countries using import substitution.
C. domestic markets were too small and countries were unable to find enough foreign buyers.
D. United States firms effectively stifled attempts to establish industry in Latin America.

Answer D

asked by angela
  1. You are correct.

    posted by Reed
  2. Thank you

    posted by angela

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