CrazyWadaad
Prince of East Africa
Iran has one of the largest economies of the Middle East. It is the world's 18th largest by PPP. Iran's major industries are largely state owned. The nature of the Iranian has led to a degree of inefficiency. Iran ranks 69th out of 139 in Global competitiveness report.Iran has been able to subsidize inefficient industry through large oil revenues and maintain respectable growth rates. The nature of the state-driven economy has led to significant brain drain in recent years as educated Iranians seek opportunities abroad. Consequently, Iran has begun a privatization in order to stimulate trade in accordance with its ongoing five year plan as well as an ambitious economic reform plan.
The most important advantage Iran's capital market has in comparison with other regional markets is that there are 40 industries directly involved in it. Industries such as the automotive, telecommunications, agriculture, petrochemical, mining,steel iron,copper, banking and insurance, financial mediation and others trade shares at the stock market, which makes it unique in the Middle East. Iran has a high potential of becoming one of the largest economies in the 21st century
The most important advantage Iran's capital market has in comparison with other regional markets is that there are 40 industries directly involved in it. Industries such as the automotive, telecommunications, agriculture, petrochemical, mining,steel iron,copper, banking and insurance, financial mediation and others trade shares at the stock market, which makes it unique in the Middle East. Iran has a high potential of becoming one of the largest economies in the 21st century