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

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Shea Huber

11 November, 19:20

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

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Rosemary Roth · 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.