Ajuste estructural, privatizaciones y neoliberalismo durante el gobierno de Carlos Saúl Menem en Argentina (1989–1999)

The economic and social transformations that occurred in Argentina during the administration of Carlos Saúl Menem (1989–1999) are analyzed, within the framework of a structural adjustment program and consolidation of the neoliberal model, as in other Latin American countries. Through a review of the existing literature, the main reforms implemented are discussed: the convertibility law, the privatization of public companies, trade liberalization, financial deregulation, and state reform. The role played by the International Monetary Fund (IMF), the participation of foreign capital, and the regressive impact of the model on the labor market and income distribution are highlighted. Finally, it is concluded that the Menem administration established a pattern of accumulation based on financial valorization and the loss of state capacities.