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Democracy was restored, but economic problems plagued early presidential terms. In the early 1990’s, then president Carlos Menem, adopted a new approach to public economics and put flagstones in place. Hyperinflation was a key problem and, in 1991, Menem addressed this by imposing a peso-dollar fixed exchange rate. He also aligned his plan on the neoliberal Washington platform and aimed to deregulate labor, liberalize trade, and privatize enterprises. This would lead to much spending on the part of the government, but in many respects, and due in great part to the aid from the International Monetary Fund (IMF), Argentina quickly turned into one of the fastest growing economies in the region...
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Common topics in this essay:
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