By Evaleila Pesaran
It's always assumed that Iran needs to inevitably undergo the forces of globalization and liberalize its financial system, however the country’s ruling elites have persisted during the post-revolutionary period to withstand those pressures for neo-liberal fiscal reform, looking to live on within the battlefield of today’s globalizing economic system while final dependable to their very own principles of engagement. This publication analyzes the dynamics of monetary reform within the Islamic Republic of Iran as they've got performed out during this post-revolutionary fight for fiscal independence from 1979 as much as the current day. It exhibits how, even if a few teams in the Iranian elite are in prefer of beginning up the economic climate to the influx of overseas capital – believing that lasting independence calls for financial progress powered partly by means of funding from in a foreign country – others argue that such financial liberalization could endanger Iran’s nationwide pursuits and placed the survival of the post-revolutionary regime in danger. by way of reading the political motives of the continued tug-of-war that has taken position among those facets of reform and counter-reform, this e-book presents a brand new method of figuring out the advanced means of monetary policy-making within the Islamic Republic of Iran, with a view to be appropriate to destiny examinations of the political financial system of the center East.
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Example text
This strong endorsement meant that post-revolutionary policies would henceforth remain within whatever limits these “winners” of the revolutionary movement chose to set down. It has been observed that, “many groups must join together to make a revolution, but only one emerges victorious” (Milani 1989: 5). In the case of the Iranian Revolution, it can be seen that a section of the ‘ulama and their allies benefited most from the emergence of a discourse of anti-Westernism in the post-1953 period.
While some Iranians believed strongly that the country would benefit from this agreement, others opposed the British government’s attempt to acquire overwhelming political as well as economic control over Iranian territory. In the end, domestic and international opposition to the move ensured Britain’s failure, but by helping Reza Khan come to power in a 1921 coup,14 the British hoped to retain some degree of influence. To the dismay of the British, however, Reza Shah tried to avoid becoming a puppet ruler (Avery 1965: 218), and instead he sought to exploit the nationalist trends that continued to increase in the country after 1919.
Instead, hope was placed in the idea that by combining Islam’s emphasis The desire for economic independence 27 on social justice with the Third World movement’s focus on economic nationalism, genuine freedom and independence might at last be attained. The emergence of a revolutionary discourse The nationalist sentiments that were aroused by the coup to remove Mosaddeq from his post of prime minister were so strong that they sparked off the development of a new discourse of economic independence in the lead-up to the 1979 Revolution.