Which perspective would most likely argue that Latin America's weak development was the result of insufficient market interdependence and weak national and regional institutions?

Liberalism in Latin America

Explanation:

Liberalism was the dominant political discourse in Latin America during most of the nineteenth century. Initially, in the first half of the century, it was a discourse of liberation from colonial rule in Hispanic America. Later, in the second half, liberalism was firmly established as an ideology of nation building in most of the region. However, by the mid twentieth century, liberalism had mostly vanished from the political scene, except for the case of Colombia where the liberal party continued to be a live political option until the end of the century. Despite the fact that it became the dominant political discourse in the nineteenth century, there is no such thing as Latin American or Hispanic American "liberalism", if by the latter we mean something like a unified and internally coherent political theory. Instead, what emerged in the nineteenth century was a political movement that can appropriately be called "liberal" to the extent that political actors either espoused liberal ideas or identified themselves as "liberals", or both. Though such a political movement began to take shape in the aftermath of the wars of independence from Spain and Portugal, self-identification as a member of a liberal group became possible around the mid-century when the liberal position became more definite in relation to the conservative political opposition.