El Plan de Convertibilidad y la economía argentina (1991-1999)

The accumulation process based on the financial valuation started to give signs of being unmistakably worn out in Argentina at the end of the 80´s. This accumulation regime had been established from the financial reform of 1977 and the trade opening of 1979. It was characterized by a fierce redistribution of income against wage earners during the military dictatorship, in which the Stated as a catalyst of resources to the most concentrated sectors of domestic and international stock. Between 1989 and 1990, we witnessed an acute hyperinflationary process on one hand, and on the other hand, a State under a deep economic crisis. Throungh a series of economic policies tha culminated in the Plan of Convertibily, the Menem administration tried to find a solution to this situation of bankruptcy, adapting their economic policies to the interest of foreign creditors and large local and international conglomerates.