The Economic Modernisation of Iran, 1953-1968
Architects, Agents, and Unwitting Thwarters
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In 1953, Iran was at loggerheads with the US and UK, after Prime Minister Mossadegh nationalised Iran’s oil reserves. By 1968, under the autocratic rule of the Shah, Iran was a booming export economy, benefiting from high oil prices and consumer demand. It had unambiguously become a modern industrial economy. Sifting through primary and secondary sources, Ali Rahnema charts Iran’s progress in this vital fifteen-year period. He asks, who can claim the credit? And who bears the blame for its critical failures?
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