Which state reform statute passed in August 1989 authorized the extensive privatization of public enterprises in Argentina?
Answer and explanation
Correct answer: D. The State Reform Law (Ley de Reforma del Estado, Law 23.696)
- Step 1: Enacted under Carlos Menem, it declared all state enterprises subject to privatization. Step 2. ENTel (telephones), Aerolíneas Argentinas, YPF, railways, and utilities were privatized. Answer: The State Reform Law (Ley de Reforma del Estado, Law 23.696). Why not the others: It dramatically altered the role of the Argentine state in the economy.
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