Answer:
The main reason for the lack of industrialization in Latin America compared to North America was that colonial empires (Spain, Portugal, France, the UK) did not want their colonies to become self-sufficient.
Step-by-step explanation:
The lack of industrialization in Latin America (as well as the Caribbean) can be mainly traced down to the fact that colonial empires did not want their colonies to become self-sufficient. Colonies were used as a means of getting cheap, raw materials, which would then go to the mother country. There, people would turn the raw materials into finished goods, which would then be sold back to the colonies for a profit. After many Latin American nations broke free, they had very little to start off, leading to a cycle of perpetual poverty, which continues to this day. A prime example of this in action is in Haiti, which broke free from France in 1804. Haiti was mainly a sugar plantation, and because of this, they didn't have much else industry other than what was necessary to harvest cash crops. As a result, it was extremely difficult to find work, which led to instability, corruption, and a cycle which has repeated itself to this day. This mercantilist mindset is the main reason why many countries in Latin America have a poor industrial base.