Iran’s economy and Turkey - Iran economic relations in Khatami and Ahmadinejad periods
AuthorKamacı Erkan, Yüksel
MetadataShow full item record
CitationKamacı Erkan, Y. (2019). Iran’s economy and Turkey - Iran economic relations in Khatami and Ahmadinejad periods. International Congress on Business and Marketing. s. 264-290.
An in-depth analysis on Iran’s economy during Mohammad Khatami and Mahmoud Ahmadinejad’s periods of rule definitely require a focus on the power relations between the Sepah-e Pasdaran (Revolutionary Guards), Bonyad (Foundations) and Bazargan (Bazaar), which are actually the ramifications of the Supreme leader and the conservative regime forming a monopoly. Naturally, conservative power holders do not welcome any changes in this economic organization not to lose control of this monopoly. Hence, international isolation and the lack of foreign investment are actually to the advantage of these power-holders. They are practically pleased to be in control of these main institutions. Central planning and central authority (which are very strict about the rules and bans) supervises Iran’s economy. Countries such as Turkey have been trying to construct economic relations with Iran, in spite of the sanctions and embargos imposed, but these central limitations make economic relations harder, in addition to the security concerns of the foreign investors and businessmen. Beyond these structural problems; corruption and bribery have become unavoidable in Iran’s economic system and there are even judicial cases pertaining to bribery. At present, the main economic policymakers include the Supreme Council of Economy; Management and Planning Organization; Ministry of Economic Affairs and Finance; Central Bank of Iran; Coordination Headquarters for Economic Affairs; and Coordination Headquarters for Resistance Economy. However, it is not yet clear which one of these bodies is actually leading the direction of the national economy. During this article, I will analyse the economy of Islamic Republic of Iran in Khatami and Ahmadinejad, regarding inter-related angles such as financial management, international trade and international relations. The methodology of this paper is comparative analysis along with several graphs and tables.
SourceInternational Congress on Business and Marketing
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