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Iran. Rouhani’s next test? Going beyond oil and diversifying the economy


In which direction is Iran's economy heading after Hassan Rouhani secured his second term as the president of the Islamic Republic? One of Rouhani's main goals is reducing Iran's dependence on oil revenues, diversifying the economy and solve the unemployment problem. However, the president's plan embraces a risk: it is based on neoliberal policies that foster the private sector in order to boost the domestic growth. But this too rapid growth may impact negatively on social inequalities

Teheran, Gran Bazaar. Reuters/Caren Firouz

In which direction is Iran’s economy heading after Hassan Rouhani secured his second term as the president of the Islamic Republic? One of Rouhani’s main goals is reducing Iran’s dependence on oil revenues, diversifying the economy and solve the unemployment problem. However, the president’s plan embraces a risk: it is based on neoliberal policies that foster the private sector in order to boost the domestic growth. But this too rapid growth may impact negatively on social inequalities

Rouhani has driven the country towards a new era, mainly without the international sanctions against Tehran’s nuclear program, which smothered the economy.

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