Domestic Economy
0

The Don’ts of Economic Policymaking

The Don’ts of Economic Policymaking
The Don’ts of Economic Policymaking

Repetition of past mistakes in policymaking is more pervasive than many would imagine. Many countries scored spectacularly with economic indicators for a period of time but then mistakes made by their policymakers pushed them into recession. One of the best examples of such countries is Iran. 
In a write-up for the Persian daily Donya-e-Eqtesad, Economist Hossein Abbasi outlines policies he believes the incoming government should not pursue. Below is the translation of the text:  
One of the best examples of an economy beleaguered by its policymakers’ repetitive mistakes over the past half century is Iran: an economy blighted by recessions and production downturns for more than one-third of the past 50 years. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com