The Islamic Republic of Iran and its efforts to reintegrate into the regional and global economic structures
Author(s) -
Ľubomír Čech,
Rudolf Kucharčík
Publication year - 2018
Publication title -
economic annals-ххi
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.209
H-Index - 14
eISSN - 1728-6239
pISSN - 1728-6220
DOI - 10.21003/ea.v167-02
Subject(s) - islamic republic , islam , political science , regional science , geography , economy , economics , archaeology
Signing of the Iran nuclear deal and subsequent lifting of sanctions has led to changes in international economic relations and posed a new challenge especially for Iran itself. Consequently, a new debate emerged over Iran’s readiness to reintegrate into the global economic and financial structures and over the possibilities and limitations resulting from this new situation. This paper attempts to contribute to this debate. Based on the current business environment in the country, it focuses on defining the determinants of Iran’s economic reform and the goals and objectives set out in «Iran’s Sixth Five-year Development Plan for the 2016-2021 period», which promises changes resulting in liberalisation of the country’s economy. Besides the problems that the Islamic Republic of Iran has to deal with, the paper points to positive aspects that can make this country a significant global economic player.
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