Iran's pragmatist efforts to repair its economy

Article Abstract:

Iran's pragmatist government will act on suggestions by the International Monetary Fund and World Bank aimed at stabilizing the economy and opening up the private sector. Iran's problems can be broken down into eight categories: an economic management gap, a technological gap, a foreign exchange gap, a savings-investment gap, a liquidity-gross domestic product gap, a human capital gap and a supply-demand gap. Success in closing these gaps will depend on many extraeconomic factors that will present challenges to the pragmatists.

International Monetary Fund, International relations, World Bank, Iranian foreign relations

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An evaluation of Iran's first development plan

Article Abstract:

Iran's first five-year plan, which covered the period between 1989 and 1993, had to be revised during its implementation because some of its basic assumptions were inaccurate. The changes concerned issues such as utilization of current resources, export promotion, exchange rate with foreign currencies and privatization. While the first plan cannot be held wholly responsible for Iran's economic troubles, it had significant shortcomings including shaky policy decisions, unplanned revisions and improper implementation.

Central planning

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Iran's Second Development Plan

Article Abstract:

Iran's Development Plan for 1995 to 1999 is a natural successor to the plan ending in 1993 but is more conservative, balanced, and domestically oriented. Passed in Feb 1995, it represents a recognition in the legislative and administrative branches that uncontrolled growth and neglect of social effects are detrimental to an economy. The new plan lowers annual GDP growth targets from 8.1% to 5.8% and places less reliance on the oil industry. It also, however, faces the same problems and challenges of the first plan.

Management, Planning, Economic development, Industrial development, Industrialization, External debts

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