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Internationalization of Capital and the Crisis of the Iranian Economy

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  • Behzad Yaghmaian

    (Economic program, Stockton State College, Pomona, NJ 08240.)

Abstract

The main focus of this paper is to study Iran's current socioeconomic crisis in relation to its role in the postwar international division of labor and the particular policies of the Islamic Republic of Iran in the 1980s. Iran's crisis is a product of the dialectical relationship between what I have called in this paper "the crisis of international division of labor" and the state policies to resolve and diffuse the crisis. In particular, I study the Iran-Iraq War and its effects on the intensification of the crisis in the past few years. The war has contributed to the escalation of the crisis and planted the seeds of an impending debt crisis in Iran.

Suggested Citation

  • Behzad Yaghmaian, 1988. "Internationalization of Capital and the Crisis of the Iranian Economy," Review of Radical Political Economics, Union for Radical Political Economics, vol. 20(4), pages 40-56, December.
    • Handle: RePEc:sae:reorpe:v:20:y:1988:i:4:p:40-56
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