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3) Perhaps, but it's always worth recalling that the backdrop to President Menem's 1989 inauguration was hyperinflation, and that crisis, as much as Menem's skillful managing of what Sebastián Etchemendy calls the “politics of compensation,” explains his successful marketization.
4) Finally, Menem's initial liberalization push did not run roughshod over organized labor, preserving the overall structure, and retaining the obras sociales.
