Iran’s Political and Economic History of 20th Century

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Iran’s Political and Economic History of 20th Century

Journal Title: Globalization and Business - Year 2017, Vol 4, Issue 4

Abstract

Iran’s political and economic situation is less known in Georgia. Our seclusion in Russian Empire and isolation from the outer world during decades was the reason of unawareness of these processes. Despite Georgia’s independence witnessed in recent years, the situation has not improved. This article serves as filling of the mentioned gap. Iran’s political and economic history of 20th century nbriefly can be considered according to the following stages: Issuing of the concession on the extraction and processing of oil deposits to the Great britain, which was against Iran’s interests; Emerging of the renting economy with the elements of colonialism; Moderate growth of the economy between 30s and 50; Decrease of the economy during the Second World War and political conflicts; Nationalization of assets; Reform of 1953-1978; White revolution and depen- dence on foreign capital and oil; Fast growth of iran’s econo- my from the mid 50s to mid 70s. Starting from 1978 the state economy is determined by oil and gas.

Authors and Affiliations

Ambrosi Grishikashvili

Keywords

Iran economy XX century crisis oil white revolution foreign capital concession ndicis

EP ID EP564745
DOI -
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