Menemism returned to power with a resoundingly high vote rate, having already modified the national constitution, with the Co-participation, so that the government mandates would last 4 years, making it possible for Carlos Saúl Menen to be re-elected.

Menemism constituted a political-cultural period around the practice of an excessive consensus of the neoliberal ideology, with policies such as convertibility, the privatization of companies, economic liberation, where the economy was deregulated, reducing quotas, tariffs and import prohibitions.

Menem quickly adhered to the policies of economist John Williamson, who proposed a set of ten specific formulas for developing countries affected by macroeconomic crises, such as a package of tax, trade and labor reforms to stabilize prices, attract foreign investment ; reduce the size of the state, and encourage the expansion of internal market forces.

23,696, better known as the State Reform Law, Menemism in his government implemented a series of massive privatizations of state-owned companies in order to generate a more liberal economy.

Which translated into strategic relations with the United States and Great Britain, being applauded by conservative leaders of the moment such as Ronald Reagan and Margaret Thatcher.

[20] The decrease in public spending under Menemism was one of the conditions imposed by the International Monetary Fund (IMF) to grant credit to the country and sustain the convertibility regime.

The budget allocated to these areas was reduced or transferred to the provinces, which had to take charge of financing them with their own resources or with debt.

While Cavallo tried to maintain differences without diplomatic pressure from the United States, Di Tella did not hesitate to adopt a policy of exclusive attention to that country, called "carnal relations."