Science & Technology

Interview with Hassan Ahmadian, a Postdoctoral Research Fellow at the Iran Project, Harvard Kennedy School Belfer Center for Science and International Affairs, to discuss topics such as the role of the U.S. in Syria and broadly in the MENA region; identity issues; and the role of Iran and the future of the nuclear deal.

In Iran, officials blame the sanctions for the economic crisis, while in the United States, officials blame the Iranian government. There is no denying that Iran’s economy has serious problems that have nothing to do with sanctions, but there is no doubt that the current crisis is the result of the sanctions. The same economy was able to expand by 18 percent in the two years that sanctions were partially lifted as a result of the 2015 nuclear deal. However, regime-change advocates in the United States who hope that sanctions will precipitate economic collapse will be disappointed. Economies do not collapse—they shrink. How far Iran’s economy will shrink and how Iran’s leaders and its people respond to the contraction are the real questions. Will the economy bottom out in 2019 or continue to slide for several more years? 

The small open economies of the Gulf and Southeast Asia are pioneers in the establishment of

Sovereign Wealth Funds (SWFs). The SWFs of countries like Qatar and Singapore are among the

world’s largest in terms of total asset size relative to Gross Domestic Product. This article looks

at the different compulsions behind the setting up of SWFs by small open economies.

Iran has entered uncharted territory following the landmark nuclear deal between Tehran and six world powers. I recently came back from a six-week trip to Iran where I had the opportunity to observe first-hand the changes, developments, and uncertainty in the country. The widespread optimism that initially surrounded the deal, and the expectations that it would bring an economic windfall, have been significantly diminished since, and there were many questions: Should Iran integrate into the global economy? How much will the economy improve with the lifting of sanctions? What will the policies of the next US president be, and what will this mean for Iran? With the recent victory of Donald Trump, these questions have become all the more important to Iranians.