Islamic Republic of Iran: Recent Economic Developments
The Islamic Republic of Iran inherited a highly centralized economy. The state-owned enterprises had monopolies over large sectors of the economy, including the financial system. This was compounded by Iran's excessive dependence on the volatile oil exports. Iran's five-year development plan aims at accelerating growth to create sufficient employment opportunities for a rapidly expanding labor force. De-monopolizing the economy, liberalizing trade, promoting private investment, strengthening the financial system, and improving the fiscal and monetary policy settings is required.
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Volume/Issue:
Volume 2000
Issue 120
Publication date: September 2000
ISBN: 9781451818925
$20.00
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Topics covered in this book
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Business and Economics , Exports and Imports , ISCR , CR , broad money , private sector , exchange rate , current account , short-term debt , excess reserves , market price , long-term debt , TSE rate , capital goods , export rate , inflation rate , factor cost , TSE market , Exports , Imports , Oil exports , Global , East Asia , South Asia
Summary
The Islamic Republic of Iran inherited a highly centralized economy. The state-owned enterprises had monopolies over large sectors of the economy, including the financial system. This was compounded by Iran's excessive dependence on the volatile oil exports. Iran's five-year development plan aims at accelerating growth to create sufficient employment opportunities for a rapidly expanding labor force. De-monopolizing the economy, liberalizing trade, promoting private investment, strengthening the financial system, and improving the fiscal and monetary policy settings is required.
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