Politics of Globalization and Iran Essay Example | Topics and Well Written Essays - 1000 words

Politics of Globalization and Iran - Essay pillowcaseMost of the enervating problems of the modern day Iran stem from its complicated and atypical political system that aspires to match the elements of an Islamic theocracy with a fledgling democracy (BBC). The anachronistic seeming Iranian polity is a obscure mix of elected democratic institutions such as a president, a cabinet, and a parliament cosmos constitutionally and unambiguously superseded by a gamut of unelected power centres such as a guardian council, an opportunism council, and the armed forces, which are administered by the highly influential and theocratic Supreme Leader. It is realistically impossible for the external policy and the mint policy in Iran to remain uninfluenced by the aforementioned power centres. chairperson Mahmoud Ahamadinejad who came to power in 2005 has been trying hard to refurbish and realign the Irans economic policies with the contemporary global trends. At the same time, the world commun ity is resorting to a series of measures like active diplomatic engagement and trade sanctions to alter the Iranian state and trade policies.Iran subscribes to a primarily industrial economy that contributes more thence 45 % of its GDP and is a profitable mix of inunct and gas, textiles, steel, petrochemicals and automotive manufacturing (Ilias 13). The next major stakeholder in the Iranian economy is its services sector that represents another 43 % of its GDP (Ilias 13). Though the contribution of the market-gardening sector to the Iranian economy is roughly 11 %, still it happens to be the major employer, absorbing some 20 % of Irans workforce (Ilias 13). Iran boasts of the worlds third largest petroleum reserves and the second largest gas reserves. Though the internecine war with Iraq severely jeopardized the Irans oil production facilities, still they account for a bulk of the Iranian export dinero and are the single most vital source of government revenue. The oil sector i n Iran is the autochthonic enticer of the foreign investment and nascent fears are cropping up that such an intense concentration of investment in this sector could practically stifle the other emerging sectors in this developing economy (Ilias 13). The behemoth oil and gas sector in Iran solely comes within the ambit of state administration and are managed by the state run National Iranian Oil Company (NIOC). Being a potent and design member of the Organization of the Petroleum Exporting Countries (OPEC), Iran wields a considerable influence in the world economy, readiness its ability to stir the world oil supply and prices (Sarkis). The top importers of the Iranian oil are India, China, Italy, sulfur Korea and Japan. Still, the greatest delimiting factor that the Iranian oil industry has to contend with is a constricting lack of recover to the new technologies owing to highly constrained investments and the running US sanctions (Ilias 14). Going by the Irans exclusive habitu ation on oil reserves for economic sustenance, its economy is pathetically susceptible to any unforeseen changes in the international oil prices (Ilias 14). Despite sitting on the mindboggling 15 % of the world gas