A Tale of Two Countries or Why Iran Has Failed

In a span of less than 45 years from 1975 to 2018, Iran’s population increased from 33 million to 82 million, its GDP from $52 billion to $454 billion and its per capita GDP from $1,580 to $5,550. While South Korea’s population increased from 35 million to 52 million, GDP from $22 billion to $1.7 trillion and per capita GDP from $617 to $33,422.

The difference in performance is staggering. Iran’s GDP increased 8.7 fold compared to South Korea’s 77 fold. But because of Iran’s much more rapid population growth, the differential performance in per…

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MIT engineer-economist. Prof: Tufts, UT-Austin, GW. IMF Board. Mediator Iran, Saudi Arabia, Kuwait. Writing: Econ-Finance, Oil, Sanctions, Mid-East, Islam.

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Hossein Askari

MIT engineer-economist. Prof: Tufts, UT-Austin, GW. IMF Board. Mediator Iran, Saudi Arabia, Kuwait. Writing: Econ-Finance, Oil, Sanctions, Mid-East, Islam.