Question

What was one effect of Latin American economic nationalism?

Answer 1

The development of domestic industry was one of the main effects of Latin American economic nationalism.

After the world war II many Latin American countries fallowed the polices of economic nationalism. Various industries and companies were owned by the state and economic role for the state was expanded. As more and more was invested by the state in industrial sector, it developed to a great extent.

Answer 2

The one effect of Latin American Economic Nationalism was the development of domestic industry.

Some of the other effects were given below:

• Equal distribution of wealth .
• Increase in demand of foreign oil .
• Policy of good neighbor .

All of these were some of the major effects of Latin American economic nationalism. After the World War II, the pace of development increased as the  more investment was being done in the industrial sector.