Many countries in Latin America followed a Radical view of FDI during the 1970s and 1980s. T typical result was: a. Their currencies appreciated due to the reduction in imports b. Their sovereign wealth tended to increase as newly nationalized, government-owned industries generated revenue c. Their economies became more export-driven d. Their economies declined and their industries became inefficient due to reduced competition e. Their industries achieved substantial competitive advantage on world markets due to protection from foreign competition at home