Economy

The Arab Spring, Archaic Statist Laws and Entrepreneurship

Published by Emile Nakhleh

As the Arab Spring turns two, job creation offers the key promise of success in post-autocratic societies. While other important lessons could be gleaned from the unprecedented Arab upheavals, economic growth is the most shining one. Unless Washington and other… Continue Reading →

Understanding the Rial’s Freefall

Published by Djavad Salehi-Isfahani 13 Comments

by Djavad Salehi-Isfahani The sharp drop in the value of the rial in the last two weeks has created much excitement in Iran and abroad, but mostly for the wrong reasons. In the parallel (or free) market for foreign currencies, the… Continue Reading →