In their book titled "Back to the 90's", economist Marina Dal Poggetto and political scientist Daniel Kerner explore the economic landscape of contemporary Argentina in comparison to the country during the 1990s under the convertibility plan of Menem and Cavallo. They highlight how the current political model led by Javier Milei aims to emulate aspects of that era, particularly the fixed exchange rate, low inflation, and open trade policies. This framework, which saw significant electoral support in the recent October elections, draws parallels with a nostalgic return to previous economic ideologies.

The authors address the stark contrast between Argentina and its regional neighbors who, following the favorable economic climate of the 2000s, managed to stabilize their currencies, control inflation, and develop deeper capital markets. They argue that while countries like those in Eastern Europe have successfully navigated economic cycles, Argentina remains caught in a loop of economic volatility, pointing to unique challenges the nation faces in its current financial landscape.

Furthermore, the analysis raises questions about the role of international dynamics, especially China's influence, on Argentina's economic policies. In an age where many countries have adapted their economies to global shifts, Argentina's pursuit of a return to a 1990s style may benefit from understanding these international contexts better. This critical examination could provide insights into whether Argentina can break free from its economic past and what lessons can be learned from its neighboring countries’ successes and failures.