Describe two challenges of industrializing that Latin American countries faced after World War II. Please answer in 2-4 sentences with specific examples from the lessons. (15 points)
what is the correct answer
One challenge Latin American countries faced after World War II was a lack of domestic capital and expertise needed for industrialization. For example, in Brazil, limited domestic capital hindered the development of its industrial sector, leading the government to seek foreign investment and expertise to kickstart industrialization.
Another challenge was the dependence on raw material exports, which limited the diversification of the economy. For instance, in Argentina, the reliance on agricultural exports hindered industrial development and made the country vulnerable to fluctuations in international markets.