Domestic Economy
0

Primary Cause of Economic Woes

Primary Cause of Economic Woes
Primary Cause of Economic Woes

Iran’s economic challenges are rooted in the decision-making system, so the one at the helm of the government need not be blamed. This was stated by Mohammad-Qoli Yousefi, professor of economics at Allameh Tabatabai University, in an article for the Persian daily Jahan-e Sanat. 
A translation of the text follows: 
Many governments have been in office over the past four decades, each of which tried to prepare the ground for the improvement of households’ economy but statistics show people’s living conditions have worsened over time. 
One common belief in Iran is that statesmen can lead the way for the country’s economic improvement and clear the hurdles in the way of development. Proponents of this argument believe that Iran’s economic growth trajectory depends on a government that is brave enough to make tough decisions. But is it really possible to expect progress for an economy that is trapped by government decisions?

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