Iran and Energy Subsidies
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Though Iran is identified by Goldman Sachs to be within the N-11 countries, or the Next Eleven countries having the highest potential of becoming the largest economies in the 21st century, a major part of economic woes in Iran can be attributed to poor energy usage culture of the populace. Few people are concerned about how they use or abuse energy supplies, as costs of energy are made insignificant by Iran government energy subsidies. The Iranian government’s practice of providing energy subsidies to keep inflation and other related costs low is generally misused by a majority of people and businesses who fail to attach importance to good energy spending habits, as the brunt of the heavy costs are borne by the Iran government. A similar situation exists in other semi-developed [...]
May 9, 2013 Read More