Iran's economic overhaul-Iran Today-12-30-2011





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Uploaded on Dec 31, 2011


The Iranian economy is almost entirely controlled by the government, a whopping 80 percent.

This has proven detrimental to the economy as a whole, and so to fix it, Iran's parliament has been pushing for reform. A large part of these reforms are down to privatization.

Article 44 of Iran's constitution allows for this, and so in recent years the goal has been set handing over most of Iran's government controlled organizations to the private sector. That said, the wheels are turning slowly, and glitches have occurred along the way.

For one thing, the government, though asserting otherwise, seems reluctant to relinquish some of the power it wields over the economy, and let the private sector take on a more active role in making the big decisions.

To tackle this, Iran's parliament agreed to let the Chamber of Commerce make a series of reform proposals in the form of a bill. This the chamber of commerce did, submitting a 60 article bill.

After parliament reviewed them only 30 were approved, which have now been given to the Guardian Council for the final stamp of approval.

The bill is designed to really get this privatization plan up and running, which can only be done by giving private sector vote power, and the authority to hold the government accountable when necessary. The power struggle is now underway.

In this edition of the show we'll be talking to both sides for a better understanding of the economic overhaul now in motion.


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