No Yom Kippur war in 1973 and oil boom

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L-V Jr.
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No Yom Kippur war in 1973 and oil boom

#1

Post by L-V Jr. » 20 Apr 2003, 06:35

How will this affect the middle eastern countries especialy the Gulf states? Will this impede their economic development? I've read somewhere about this guy who was a former economic planner for the Shah of Iran. He said before 1973, iranian economy was growing at a rate of 10%. However the oil boom which brought a lot of money to Iran caused a crippling inflation which eventually lead to a revolt against the Shah. Had the oil boom never happened and Iran didn't face severe inflation, would the Shah still be in power? Will his dream of turning iran into an industrial nation becomes a reality?

Lars EP
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Re: No Yom Kippur war in 1973 and oil boom

#2

Post by Lars EP » 20 Apr 2003, 21:31

L-V Jr. wrote:How will this affect the middle eastern countries especialy the Gulf states? Will this impede their economic development? I've read somewhere about this guy who was a former economic planner for the Shah of Iran. He said before 1973, iranian economy was growing at a rate of 10%. However the oil boom which brought a lot of money to Iran caused a crippling inflation which eventually lead to a revolt against the Shah. Had the oil boom never happened and Iran didn't face severe inflation, would the Shah still be in power? Will his dream of turning iran into an industrial nation becomes a reality?
The Shah, like his predessecors, was a corrupt tyrant, brutally surpressing any kind of critizism, be it political or religious.

Regards --- Lars


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Tom Niefer
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#3

Post by Tom Niefer » 21 Apr 2003, 19:48

Lars wrote:

The Shah, like his predessecors, was a corrupt tyrant, brutally surpressing any kind of critizism, be it political or religious.

You're right. I think the Shah was doomed to downfall regardless of economic circumstances. It's interesting that the populace in Iran overthrew their dictator who was just as bad as Saddam, but the Iraqi's never did. Perhaps in time it may have happened without coalition intervention. Just a thought. Of course Iran had the great Ayatollah Komeini to incite the Iranians. Perhaps Iraq is to secular for religious fanaticism.


Cheers
Tom

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Korbius
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#4

Post by Korbius » 22 Apr 2003, 11:32

What's funny though is that the Shah was overthrown twice. Didn't he get convinced after his first overthrow that the people didn't like him? So US/UK restored his authority back after the first coup, which in turn gave rise to Ayatollah Khomeini.

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