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28 November, 09:23

Why was an increase in domestic manufacturing a good response to global economic depression for Latin America?

Exports of raw goods became a focus of industrialized nations, leaving Latin America behind.

A reduction in tariffs made exporting manufactured goods an economic solution for Latin America.

Manufacturing domestically was a substitute for overpriced imports from industrialized nations.

Imported goods were devalued by the economic downturn, making it a better choice for Latin America.

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  1. 28 November, 09:32
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    Hello there,

    Why was an increase in domestic manufacturing a good response to global economic depression for Latin America?

    Answer: Manufacturing domestically was a substitute for overpriced imports from industrialized nations.
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