A difficult birth: the liberalisation of the Iranian economy.

The Middle EastNbr. 2002, July 2002

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A difficult birth: the liberalisation of the Iranian economy.

The process of democratisation in Iran is proceeding in fits and starts, as modernisers and traditionalists battle for supremacy. In a similar vein, the government's efforts to liberalise the economy and attract foreign investment into a growing number of sectors are being hampered by the struggle taking place within the country.

Iran's basic economic statistics reveal steady if unspectacular growth. Liberalisation is proving to be a long process. GDP grew by 4.3% in 2001 and the IMF predicts growth in the 3-5% range for the foreseea...

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