Iran's accession to the WTO, the basis for sustainable economic development

Journal Title: Scientific Journal of Review - Year 2014, Vol 3, Issue 5

Abstract

Globalization of economics is a powerful aspect of globalization. When a national economy interact with the Global Financial Institutions, especially the World Trade Organization (a pioneer in the field of International Financial Institutions), some factors affect the economic development of that country more than any other time. According to the general agreement on initial request of Iran for membership in WTO, it is important to consider the consequences of economic security through a careful consideration of the effects of the factors on economic security. Also it is necessary for politicians to know how to deal with the issues prudently to protect the national interests. These points are essential because Iran has no previous experience in the WTO trading system and any misunderstanding of Macroeconomics’ effect, can cause problems in Iran’s economic system. Since the slightest mistake in decision making could endanger economic and welfare security, Iran should gain a full understanding of the impacts of globalization and has good management in the global economy. To avoid making a hasty decision, it is essential to consider any threat against Iran and then to find strategies to substitute oil-based economy with non-oil based economy like carpets, saffron, etc. Therefore, Iran can take benefits of joining to the organization in order to achieve a dynamic and sustainable development in the country’s economy

Authors and Affiliations

A. B. Doagoo*| Department of International Relation,Qom Science and Research Branch of the Islamic Azad University,Qom, Iran., M. Saeidi| Department of International Relation,Tehran Science and Research Branch of the Islamic Azad University, TEHRAN ,Iran

Keywords

Related Articles

Crop diversification in India: a study of maize cultivation in Karnataka

Growing need of agricultural production has been greatly felt with the growth of population, not only for the sake of food security but also for providing employment. Crop diversification within the sector has also been...

Women empowerment as a tool against food insecurity in Sub Saharan Africa

Promoting food production andsecurity continues to be a major challenge in Sub Saharan Africa. This discussion seeks to explore the opportunitiesand constraints that women experience in accessing and participating equi...

Climate of the ideas and thoughts of the ignorant Arabs

Before the advent of Islam, the so- called age of ignorance. Ignorance against Islam, and the purpose of the ignorance of the Quran, which is modern, with all the moral and religious and cultural norms and values ​​, is...

The link between utopia and nostalgia and its reflection on literature

Nostalgia technically refers to human feeling of missing the past and those things s/he has lost. Different factors contribute to this feeling, including the human's social and political situation and, in general, his/he...

Genesis ofthe planet earth

This article is basedonthe theory ofvortex gravitationandphysicalabnormalitiesof the Earth- slowingits rotation.Definedorbitalacceleration, weight, approach to the Sunand the ageof our planet.Offered tojustify the crea...

Download PDF file
  • EP ID EP116
  • DOI 10.14196/sjr.v3i5.1357
  • Views 580
  • Downloads 45

How To Cite

A. B. Doagoo*, M. Saeidi (2014). Iran's accession to the WTO, the basis for sustainable economic development. Scientific Journal of Review, 3(5), 304-312. https://europub.co.uk/articles/-A-116