Development of IRAN

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Title: Development of IRAN

Essay Details:

Subject: Social Issues

Author: Charles J

Date: February 2, 2015

Level: University

Grade: A

Length: 10 / 2819

Essay text:

The decline in per capita oil revenues which started in the mid 1970s slowed the economy, but is not entirely responsible for the one-third decrease in per capita GDP in 1977-82 (Sewer). Disruptions due to the revolution and the war with Iraq no doubt also contributed to economic decline. In the post-revolution years we again observe a close association between oil and per capita income. This pattern of boom and bust is not peculiar to Iran and is shared by other oil-exporting countries of the Middle East (Sewer) In contrast, the fast growing countries of similar characteristics based their growth not on exports of fossil fuels but on human capital...

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