What was a response among many latin american countries to the global repercussions of the great depression?

Question

Liliana Velazquez

History

16 June, 08:22

What was a response among many latin american countries to the global repercussions of the great depression?

+2

Answers (1)

Know the Answer?

Clay Dillon · Answer 1

Import substitution industrialization

Explanation:

Import substitution industrialization refers a type of policy that advocated for the replacement of foreign import with domestic products. Replacing the foreign import will provide opportunities for local businesses to thrive and open up a lot of job opportunities. Overtime, this will bring those Latin american countries out of the great depression.