Focus
2005/04/04
IranDaily.gif
PDF Edition
Front Page
National
Domestic Economy
Science
Panorama
Economic Focus
Dot Coms
Global Energy
World Politics
Sports
International Economy
Arts & Culture
Archive
Economy’s Twists and Turns
Land of Wonders But no Tourists
By Ali Momenlou

Economy’s Twists and Turns
018870.jpg
With the breakout of the Iran-Iraq War in 1980 and intensification of economic sanctions against Iran, oil production and export dropped drastically.
The oil shock of the 1970s that resulted in a drastic price hike, the opening of the economy after the 1980-88 Iraqi imposed war and implementation of expansionary policies during the post-war &#