Study about latin-america on my website. Absolutely free.The Great Depression caused Latin America to grow at a slow rate. The two world wars and U.S. Depression also made Latin American countries favor internal economic development, leading Latin America to adopt the policy of import substitution industrialization. Countries also renewed emphasis on exports. Brazil began selling automobiles to other countries, and some Latin American countries set up plants to assemble imported parts, letting other countries take advantage of Latin America's low labor costs. Colombia started to export emeralds, coffee grains and gold, becoming the world's second leading flower exporter.