The ideas of Raul Prebisch and Albert Hirschman encouraged the import substitution industrialization strategy in Latin...

The ideas of Raul Prebisch and Albert Hirschman encouraged the import substitution industrialization strategy in Latin America in the 1950s and the 1960s. Explain why Prebisch and Hirschman encouraged this strategy. What were the major features of the strategies and what kinds of negative effects were experienced? How does the industrialization experience in Latin America compare to that in the U.S. Midwest? What was the role of agriculture in each?

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import substitution industrialization strategy in Latin america

Rahul Sunny answered 1 year ago

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