The Iranian Economy in the 1970s: Examination of the Nugent Thesis
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Despite many optimistic predictions, the post-war economic growth enjoyed by developed countries has not spilled over to developing countries. In fact, a widening gap between per capita incomes has taken place over the last thirty years. 1 Growth rates in developing countries have often been quite dismal and their rates of growth have varied significantly more than those of the more advanced countries. Iran was an exception to the norm for developing countries sustaining high and growing rates of real economic growth after its stabilization program of the early 1960s.
Middle Eastern Studies, October 1988.Refereed Journal Article
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