Toward a multi-gap approach to medium-term economic growth in Iran
In: Orient: deutsche Zeitschrift für Politik, Wirtschaft und Kultur des Orients = German journal for politics, economics and culture of the Middle East, Band 33, Heft 1, S. 97-117
ISSN: 0030-5227
This paper reviews some of the most significant imbalances that the Iranian economy faces as it enters the 1990s, and offers a set of remedial policies. It is argued that the economy suffers from a multitude of "gaps" (supply-demand, distributional foreign exchange, fiscal, savings-investment, human-capital, economic-management, and technological gaps), and that a "multi-gap" approach to economic growth in the medium term is superior to stabilization and structural adjustment programs advocated by the IMF and the World Bank. (DÜI-Hns)