By Evaleila Pesaran
It is frequently assumed that Iran needs to inevitably undergo the forces of globalization and liberalize its financial system, however the country’s ruling elites have endured during the post-revolutionary period to withstand those pressures for neo-liberal fiscal reform, trying to continue to exist within the battlefield of today’s globalizing economic system while last dependable to their very own ideas of engagement. This booklet analyzes the dynamics of financial reform within the Islamic Republic of Iran as they've got performed out during this post-revolutionary fight for financial independence from 1979 as much as the current day. It exhibits how, even supposing a few teams in the Iranian elite are in want of starting up the economic system to the influx of overseas capital – believing that lasting independence calls for monetary progress powered partly via funding from in a foreign country – others argue that such fiscal liberalization could endanger Iran’s nationwide pursuits and placed the survival of the post-revolutionary regime at risk.
By analyzing the political explanations of the continuing tug-of-war that has taken position among those facets of reform and counter-reform, this booklet offers a brand new method of knowing the advanced technique of fiscal policy-making within the Islamic Republic of Iran, in order to be correct to destiny examinations of the political economic system of the center East.
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