Find my recent commentary on the "Project
Syndicate" website:
While Iran’s leaders have often downplayed the sanctions’
impact, President Mahmoud Ahmadinejad has recently cited them as the primary
culprit behind Iran’s economic turmoil. But Iran has faced similar economic
difficulties before – in the 1980’s, oil exports fell significantly amid the
country’s eight-year war with Iraq, and in 1986-2000 global oil prices were
extremely low – and handled them relatively well. Four factors have made the
oil embargo particularly unbearable today.
Read the full article on this link:
