Saturday, September 28, 2019
Iran Mideasts Model Economy Essay Example | Topics and Well Written Essays - 500 words
Iran Mideasts Model Economy - Essay Example However the uniqueness of emerging markets presents both opportunities and challenges. Iran from the facts found in the case study may be strategically treated as an emerging market presenting new opportunities as well as challenges. The foremost challenge Iran faces is the trade sanctions from the United States that has hampered the inflow of foreign direct investments in to the country. If the country can solve its political and economic problems the country would be able to equal the economic growth of China in a very short time. The results of the last Parliament elections though disqualified the reformist candidates still a number of business minded focused on economic issues have been elected. However the progress in the economic reforms cannot be expected to take place at a faster pace. There are numerous challenges the country has to pace on the economic front. The amount of subsidies the government has to shell out on almost all the imported products from wheat till the impo rted fuel. The exports of non-oil products are very meager. Most of the manufacturing pants run in losses. The control of more than 50 percent of the economic activity is in the hands of various government departments and religious charities.