According to the Week 1 Film: The Benefits of Trade, one (or more) of the reasons that the "Asian Tigers" were so successful compared to the import-substituting countries of Latin America was: Group of answer choices Rich consumers in Europe and America make for a more attractive market than locals in the early stages of economic development. The debate over import substitution and export led growth took place against a backdrop of rapidly expanding world trade. All of the other reasons mean that the export led growth strategy of the Asian Tigers was more successful than the import substitution of the Latin American countries. Global competition makes local firms competitive