Iran’s unrealized economic potential
The news coming out of Iran does not paint a pretty picture of its economy. Economic mismanagement, widespread corruption, weak legal and institutional capacity, and unfavorable business regulations, alongside the unprecedented U.S. financial and economic sanctions and the coronavirus pandemic, have been choking the Iranian economy. However, with a population of 85 million, half under the age of 30 and highly educated, as well as a strategic location on the Persian Gulf and vast reserves of energy and other natural resources, including wind and solar energy, Iran’s economy has incredible potential waiting to be unlocked.