Political Economy - Iran Flashcards
1
Q
What is a rentier state?
A
A state that obtains a lot of revenue from exporting resources to foreign companies
2
Q
What is Iran’s main economic problem?
A
The instability of the oil market
3
Q
What event sparked a 20 year economic crisis?
A
The Islamic Revolution, which chased out many intellectuals
4
Q
What has been Iran’s major recent economic development?
A
The de-nationalization of the economy
5
Q
What did the Shah invest a lot of money into?
A
Social welfare
6
Q
What is a dual society?
A
It is a society that is divided into a traditional, poorer sector and a modern, richer sector
