The curtain comes down

Article Abstract:

Iran now welcomes foreign investment after years of self-imposed economic and political isolation. Under the leadership of a more liberal president, Muhammad Khatami, the country is rethinking its foreign policies and even examining the possibility of increasing foreign participation in its highly protected oil and gas sector. Iran should appeal to foreign investors in view of the economic crises in Russia and Asia, not to mention its abundant national resources. Aside from its enormous oil and gas reserves, the country has the world's biggest zinc reserves, the second-biggest copper reserves and sizeable reserves of gold, iron, lead, chromate, manganese, uranium and coal. However, there are important domestic issues that Khatami must first address before Iran can maximize its potentials. These include the people's distrust of foreign investors and westerners in general, the severe shortage of foreign currency and underinvestment in existing sectors.

Foreign investments, International relations, Iran

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Pyramid selling wouldn't work

Article Abstract:

Egypt has a large energy supply and occupies a strategic shipping location, but its economic development has been unusually slow. Reasons for this include an inefficient public sector, concentration of wealth in a small percentage of the populace, a large underclass, and a poor international credit rating.

Egypt

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Give peace a chance

Article Abstract:

Lebanon's civil war that began in 1975 prevented international trade in the capital of Beirut, but travel and trade are reemerging there. For much of the 1990s, business has become more important that violent politics, although business travelers need to be cautious.

Lebanon, Evaluation, International trade, Beirut, Lebanon

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