Domestic Economy

Tragedy of Privatization in Iran

Tragedy of Privatization in Iran
Tragedy of Privatization in Iran

The government in Iran neither wants to see any part of its powers function outside its purview, nor delegate it to the private sector. This explains why challenges facing the Iranian private sector and privatization is never ending. 
This was stated by Hossein Selahvarzi, the deputy head of Iran Chamber of Commerce, Industries, Mines and Agriculture, in a write-up for the Persian economic daily Donya-e-Eqtesad. Below is a translation of the full text: 
Innovations of the modern era have typically no place in our economic thinking and practice. Hence, a thorough study must be conducted regarding which new economic thought has proved successful in Iran. 
Six pricy, time-wasting development plans, which unfolded before the eyes of hopeful Iranian people, were only implemented partially. The plan and law on attracting foreign investment, which shuttled among the parliament, government and the Guardians Council [an oversight body that ensures laws are in line with the Iranian Constitution and the Sharia] for months, reached nowhere.   


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