Menem's liberal economic reforms resulted in what initial outcome?
Recession
Success
Default
Hyperinflation
Answer
The reforms, enacted by President Carlos Menem in the early 1990s, achieved initial success. The privatization of state-owned industries and the implementation of free-market policies led to a significant boost in foreign investment, economic growth, and a reduction in inflation. However, these positive outcomes were not sustained in the long term and were accompanied by increased social inequality and a rise in poverty.
Carlos Menem Trivia: How Much Do You Know About Carlos Menem?
More Questions
Menem's senatorial immunity was related to which privilege?
Menem's economic crisis led to the formation of what?
Which party did Menem defeat in the primary elections for the 1989 presidency?
Menem's privatization policies primarily affected which sectors?
Which factor significantly influenced Menem's early political career?
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