What particular policies did Latin American countries adopt in order to carry ou

Question

What particular policies did Latin American countries adopt in order to carry out ISI? What were the intended reasons for these policies and what were the unintended effects? (As one example, why did Latin American countries overvalue their currencies during ISI? How were shortages in dollars allocated? What impact does this have on the balance of payments?) What particular policies did Latin American countries adopt in order to carry out ISI? What were the intended reasons for these policies and what were the unintended effects? (As one example, why did Latin American countries overvalue their currencies during ISI? How were shortages in dollars allocated? What impact does this have on the balance of payments?)

Explanation / Answer

Policies adopted by Latin America to carry out ISI to seek greater self sufficiency and domestic industrilization are-

This all resulted in Export dipping since agricultural exports were the main source for Foreign income and Import increasing so Countries starting borrowing in dollars to support import and then boorrow more to service that debt this resulted in to a cycle of ever increasing debt

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