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Iran In Country Brief on their Economy Essay Example

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Iran In Country Brief on their Economy

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Still, while Iran’s oppositional stance to the United States is commonly attributed to its economic shortcomings, it’s also recognized that the country has faced considerable other challenges. Between 1980 and 2000 the Iranian economy nearly doubled. This increase in population resulted in food-shortages that greatly impacted the economic structure (Polk 2011, p.Another major economic setback occurred in 1980 with the Iran-Iraq war. Indeed, the picture featured above is of a tank with oil flames in the background. Oil fires became a major problem with the war costing the country billions (Parra 2009, p. During this period Iranian industry almost entirely became under control of the government. In addition to the significant life toll, the eight-year war with Iraq is estimated to have cost Iran’s economy nearly $500 billion (Polk 2011, p.As mentioned earlier a major focus of the Iranian economy is petroleum. This has not only influenced domestic policy, but has been a prominent contributing factor in United States relations. One considers that in terms of United States military elements there have been potential talks about a pre-emptive attack on Iran. In part these discussions have been motivated out of a need to protect United States ally Israel from a nuclear attack from Iran; However, other theorists contend that Western concerns with Iran are economically motivated out of a need to stabilize the region for petroleum.A considerable amount of considerations have been placed into the threat of Iran achieving a nuclear arsenal. In January 2012 Obama approved Congressional legislation allowing muscular action to be taken to restrict Iran’s ability to export oil (" obama to," 2012).Indeed, there is the recognition that if there are further challenges with Iran and their petroleum reserves it could have a global economic impact. One considers that China has 50% and Japan 75% of its oil pass through the Straight of Hormuz.The picture featured on the screen is the Strait of Hormuz. This is a Strait that borders Iran and the oil rich Saudi Arabia. It has become considerable impacted in terms of political strife regarding petroleum. While the United States has taken efforts to impose economic restrictions on Iran if the country continues its pursuit of a nuclear arsenal, Iran has threatened to block the Straight of Hormuz. The Straight of Hormuz partially borders Iran and is a key strategic strait in

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preview essay on Iran In Country Brief on their Economy
  • Pages: 4 (1000 words)
  • Document Type: Essay
  • Subject: Military
  • Level: Undergraduate
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