Prosperity in Depth: Iran The Iranian Economy The Glass Half Empty
Loading...
Authors
Looney, Robert
Subjects
Advisors
Date of Issue
2012
Date
Publisher
Language
Abstract
To understand where the Iranian economy is going, it’s important to remember where it’s been. Like so many other oil rich
countries lacking the legal and political institutions of a modern marketbased economy, prerevolutionary Iran suffered from what has been dubbed the resource curse—a dependence on natural wealth that inhibited balanced economic development and sustained a culture of corruption.
Indeed, discontent fed by the resource curse was an important factor leading to the overthrow of the Shah in 1979. After the consolidation of power as an Islamic republic under the Ayatollah Khomeini, the government proposed to run the economy on a model aimed at avoiding that trap.
Type
Article
Description
Legatum Institute
Series/Report No
Department
National Security Affairs
Organization
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
Distribution Statement
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.