Latin American reforms show a broad shift away from the policy of protectionism toward recognition of the benefits of participating fully in the global economy.

Question

Quizplus · Accepted Answer

Latin American countries have indeed shifted away from protectionist policies in the past decades, recognizing the advantages of opening up their economies and engaging in international trade and investment. This change has been reflected in trade agreements, deregulation, privatization, and other measures aimed at promoting economic growth and integration with the global market.

Latin American Reforms Show a Broad Shift Away from the Policy