Argentine legislative election, 1993

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The Argentine legislative elections of 1993 were held on 3 October. Voters chose their legislators and, with a turnout of 80.3%, it produced the following results:

Contents

Argentine Congress

Party/Electoral Alliance Lower House
Seats
Vote Percentage
Justicialist Party 12742.5%
Radical Civic Union 8430.2%
MODIN 65.8%
Socialist Unity Alliance51.6%
UCeDé 42.6%
Broad Front 33.5%
Democratic Progressive Party 21.3%
Autonomist-Liberal Pact
(Corrientes Province)
41.1%
Salta Renewal Party30.7%
Popular Movement
(Tierra del Fuego Province)
30.1%
Republican Force
(Tucumán Province)
31.4%
Other regional parties83.5%
Others55.7%
Invalid votes5.2%
Total seats257

[1]

[2]

Background

Success during the 1991 mid-term elections had encouraged President Carlos Menem to approve accelerated plans for privatizations, business deregulation, and more flexible labor laws proposed by the man widely credited for his political "summer," Economy Minister Domingo Cavallo. 1992 was a banner year for the Argentine economy, which grew 9% amid a 40% jump in fixed investment and doubling of auto sales; indeed, it had been the first year since 1984 in which spending on construction and machinery exceeded depreciation (many Argentines bought their first automobile since at least then, as well). [3] [4]

Carlos Menem Argentine politician who was President of Argentina from 1989 to 1999

Carlos Saúl Menem Akil is an Argentine politician who was President of Argentina from July 8, 1989 to December 10, 1999. He has been a Senator for La Rioja Province since December 10, 2005.

Privatization can mean different things including moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatized; in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, and prison management.

Deregulation is the process of removing or reducing state regulations, typically in the economic sphere. It is the repeal of governmental regulation of the economy. It became common in advanced industrial economies in the 1970s and 1980s, as a result of new trends in economic thinking about the inefficiencies of government regulation, and the risk that regulatory agencies would be controlled by the regulated industry to its benefit, and thereby hurt consumers and the wider economy.

Storm clouds were never far from Menem's political summer skies, however. An exposé on growing corruption published by muckraking journalist Horacio Verbitsky led to the resignation of Menem's chief strategist, Interior Minister José Luis Manzano, and to that of a key ally, Buenos Aires Mayor Carlos Grosso. Continuing economic uncertainty in the United States, Europe and Japan helped lead to an unexpected crisis of confidence in Argentina, as well and, though the nation's healthy foreign exchange reserves easily thwarted a November 1992 run on the Argentine peso, the event helped trigger a sudden slowdown in Cavallo's "Argentine miracle." [5] This negative economic turn was made all the more inopportune by the coinciding wave of layoffs on the heels of mass privatizations of large employers, such as the state oil concern YPF and the nation's vast railways. Unemployment, which had remained at around 7% during the 1991-92 boom, leapt to nearly 10% by mid-1993. [6]

Horacio Verbitsky Argentine writer

Horacio Verbitsky is an Argentine left-wing investigative journalist and author with a past history as a leftist guerrilla in the Montoneros. In the early 1990s, he reported on a series corruption scandals in the administration of President Carlos Menem, which eventually led to the resignations or firings of many of Menem's ministers. In 1994, he reported on the confessions of naval officer Adolfo Scilingo, documenting torture and executions by the Argentine military during the 1976–83 Dirty War. His books on both the Menem administration and the Scilingo confessions became national bestsellers. The veracity of the once-accepted works became a focus in 2015, however, as more questions arose over Verbitsky's own professional identity during the military dictatorship. As of January 2015 Verbitsky is a Commissioner for the International Commission against the Death Penalty.

José Luis Manzano Argentine politician

José Luis Manzano is an Argentine businessman and former politician. He is currently a partner in the second largest multimedia group in his country, Grupo América, and has investments in several economic sectors, including energy, wine, and apparel.

Buenos Aires Place in Argentina

Buenos Aires is the capital and largest city of Argentina. The city is located on the western shore of the estuary of the Río de la Plata, on the South American continent's southeastern coast. "Buenos Aires" can be translated as "fair winds" or "good airs", but the former was the meaning intended by the founders in the 16th century, by the use of the original name "Real de Nuestra Señora Santa María del Buen Ayre". The Greater Buenos Aires conurbation, which also includes several Buenos Aires Province districts, constitutes the fourth-most populous metropolitan area in the Americas, with a population of around 15.6 million.

Concern over layoffs, the future of the newly privatized companies and over reforms to the relatively generous adjustable pensions system inherited from populist leader Juan Perón's heyday dominated voters' issues ahead of the October 3, 1993, mid-term elections. Ultimately, fears of a recession during 1993 did not materialize and Menem quickly translated still-rising federal revenues (as well as US$3.5 billion in income from the sale of YPF stock) to increased spending on pensions and public works, helping calm protest. Sensing an opportunity to reform Argentina's arcane electoral system, the new Interior Minister, Gustavo Béliz, proposed a replacement of the nation's system of electoral lists for one resembling an Australian ballot. The proposed reform, which would lessen party leaders' influence over the process, helped result in his dismissal, however. President Menem's Justicialist Party enjoyed fourth-straight electoral victory, picking up several seats in Congress, though the struggling Radical Civic Union (UCR, which had held power during Raúl Alfonsín's difficult 1983-89 tenure), averted a trouncing and retained its Congressional strength. The UCR even made inroads in traditionally Peronist Santiago del Estero Province, where discontent with a political machinery long dominated by Justicialist Party strongman Carlos Juárez had led to riots. [7]

A pension is a fund into which a sum of money is added during an employee's employment years, and from which payments are drawn to support the person's retirement from work in the form of periodic payments. A pension may be a "defined benefit plan" where a fixed sum is paid regularly to a person, or a "defined contribution plan" under which a fixed sum is invested and then becomes available at retirement age. Pensions should not be confused with severance pay; the former is usually paid in regular installments for life after retirement, while the latter is typically paid as a fixed amount after involuntary termination of employment prior to retirement.

Juan Perón President of Argentina

Juan Domingo Perón was an Argentine Army general and politician. After serving in several government positions, including Minister of Labor and Vice President, he was elected President of Argentina three times, serving from June 1946 to September 1955, when he was overthrown in a coup d'état, and then from October 1973 until his death in July 1974.

YPF S.A. is a vertically integrated Argentine energy company, engaged in oil and gas exploration and production, and the transportation, refining, and marketing of gas and petroleum products.

The results helped persuade both President Menem and UCR leader Alfonsín to negotiate towards a mutually beneficial arrangement, a month after the election. The victory encouraged Menem to pursue his goal of amending the 1853 Argentine Constitution to allow himself re-election. Alfonsín, whose party held the balance of power, accommodated the President, in exchange for increased representation in the Senate for the furst runner-up (presumably the UCR) and the relinquishing of the Presidential right - enjoyed since 1880 - to appoint the Mayor of Buenos Aires (whose voters leaned towards the UCR). The consequent Olivos Pact made the 1994 reform of the Argentine Constitution along the agreed-upon lines a reality, making this the salient legacy of the 1993 legislative elections. [7] [8]

Argentine Senate

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References

  1. Nohlen, Dieter. Elections in the Americas. Oxford University Press, 2005.
  2. Andy Tow's Electoral Atlas of Argentina
  3. Argentina: From Insolvency to Growth. The World Bank Press, 1993.
  4. Panorama. November 1993.
  5. Todo Argentina: 1992 (in Spanish)
  6. INDEC
  7. 1 2 Todo Argentina:1993 (in Spanish)
  8. Todo Argentina: Carlos Menem's first term (in Spanish)