Friday, September 04, 2009

Why Iran will survive!! - "IIPM Article"

Iran’s changing strategies would perhaps bring back its old glory

Reacting to a question on whether Iran can survive against western threats during a press interaction, the Iranian Ambassador to India, HE, Seyed Mehdi Nabizadeh avowed that such an old culture and dynasty can not wipe out so easily. Though it apparently seemed an emotional response, an in-depth analysis exemplifies that Iran has been incorporating certain intellectual and effective policies which are likely to bring a tectonic shift for the nation. Apart from some of the attributes such as democracy, strong economy, energy hub and a strong military power which made it influential in the region, there are many other areas on this land yet to be explored as it experiences rapid transition. To begin with, Iran though along with many other anti-American nations is affected indirectly due to oil price decline, its proactive response is credible enough to praise and effective than some of the worst affected economies. Some of the immediate policy response were to prepare an annual budget, taking into consideration the new international prices to avoid the budget deficit, policy to increase more reliance over domestic tax income, reduction of increase in money supply and controlling inflation, creating institutions of funds for increasing absorption of the running domestic and international capital and most importantly forming a committee for analysing the results of the crisis over the country and initiation of adequate policy needs to confront the same.

A report by Harvard Polytechnic Massachuset published in the Washington Times stated that the world attention has been mainly diverted toward the progress of Iran in the nuclear field, whereas Iran presently is one of the ten developed countries of the world in the field of Stem Cells. Moreover, it also enjoys the highest place from the point of view of growth of scientific papers in the region as well as in the world. The number of world class scientific papers of Iran is around 26,000. According to a report by International Statistical Institute, Iran holds first place in the seven fields of mathematics, mechanical, polymer, chemistry, chemical engineering, nano technology and medicine in the region. It also reached 19th from 52nd in the world in the field of nano-technology during the last five years. It is one of the three important dam making countries of the world. It ranks among the ten countries of the world to have got access to the satellite production and launching technology. Iran is also progressing rapidly in the field of space technology. Interestingly, it also proved wrong to those who thought Iran to be not a foreign investment friendly country. During 1992-2009, it attracted over $34.6 billion of investment from abroad. Its trade with foreign countries amounted to a whopping $150 billion between 2000 to 2007. Iran also invested $62 billion abroad.

Now Iran is initiating an international exhibition of press and news agencies to be held in Tehran this year too to expand cultural dealings, interactions and sharing its thoughts on some of the significant issues with media. This would definitely help in reshaping its negative image across the world. All in all, Iran is doing substantially well. This might not bring back its old glory it had during the Ottoman Rule but importantly progress in Iran is beneficial for all; Iran itself, the Middle East region and the world broadly.
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Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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