IMPACT OF US SANCTIONS AND COVID-19 PANDEMIC ON IRANIAN ECONOMY

Author :  

Year-Number: 2021-Cilt 6 Sayı 23
Language : null
Konu :
Number of pages: 282-290
Mendeley EndNote Alıntı Yap

Abstract

In international arena, governments opt for different means, either material or immaterial, to realize their national goals and interests. In addition, these means impact the competitive governments’ critical interests indirectly and this causes them to change their behavior. In an era when use of force in international relations has declined or governments use the option more carefully, the ways of affecting other sensitive realms has changed an instance of which is sanction. The sanctions imposed on Iran due to its nuclear program have impacted Iran’s relationship with other countries and its national interests. Due to these sanctions, Iran has lost its relationship with many countries especially European ones. In addition, economic consequences of the pandemic are clearly negative. Business relations which could cause disease spread are also negatively impacted by this situation. Meanwhile, the pandemic is undermining the last stage of a long period of rapid global integration. Although global economy will not be damaged like it was back in 1910s, future historians will unsurprisingly refer to the pandemic as one of the consequences of globalization which ultimately led to a new era of global business. This study adopted a descriptive-analytical design and to do so, SPSS Software (version. 19) was used and questionnaire forms were distributed in a statistical population which consisted of managers and experts of industrial sectors of Iran. This study aims to review the impact of US sanctions and COVID-19 pandemic on Iranian economy. The results suggested that US sanctions and COVID-19 have a significant impact on performance of management, production and development of small and medium industries.

Keywords

Abstract

In international arena, governments opt for different means, either material or immaterial, to realize their national goals and interests. In addition, these means impact the competitive governments’ critical interests indirectly and this causes them to change their behavior. In an era when use of force in international relations has declined or governments use the option more carefully, the ways of affecting other sensitive realms has changed an instance of which is sanction. The sanctions imposed on Iran due to its nuclear program have impacted Iran’s relationship with other countries and its national interests. Due to these sanctions, Iran has lost its relationship with many countries especially European ones. In addition, economic consequences of the pandemic are clearly negative. Business relations which could cause disease spread are also negatively impacted by this situation. Meanwhile, the pandemic is undermining the last stage of a long period of rapid global integration. Although global economy will not be damaged like it was back in 1910s, future historians will unsurprisingly refer to the pandemic as one of the consequences of globalization which ultimately led to a new era of global business. This study adopted a descriptive-analytical design and to do so, SPSS Software (version. 19) was used and questionnaire forms were distributed in a statistical population which consisted of managers and experts of industrial sectors of Iran. This study aims to review the impact of US sanctions and COVID-19 pandemic on Iranian economy. The results suggested that US sanctions and COVID-19 have a significant impact on performance of management, production and development of small and medium industries.

Keywords


  • Irvani. A. Saiid. (2016). Sanctions and international punishments. Department of Foreign Policy Studies, Strategic Research Center.

  • Torabi. M & Vesali. S. (2019). Impacts and consequences of banking sanctions on economy. World of Economics Newspaper, No.1960.

  • Hadadi. M. (2017). International sanctions, national policy tool with international executive guarantee. Legal Thoughts Journal, No.3.

  • Rezaii. A. (2018). China and soft balance against US hegemony in international system. Journal of Development Strategy, no.4.

  • Asgarkhani. A. M. (2016). International sanctions regime. Collection of Speeches in Symposium of US Sanctions against Iran, Political and International Research Center, Tehran.

  • Mafi. H. (2016). “An analysis of US economic sanctions against Iran from perspective of international law”, Law and Political Science Research Journal, no.1.

  • Momtaz, J. (2018). Economic sanction and international public law. Journal of Law and Political Science Department, University of Tehran, no.22.

  • Momtaz, J. (2018). Comparison of economic sanctions of UN Security Council with human rights andhumanitarian international laws, Quarterly of Law, Journal of Political Science and Law, University of Tehran, no. 4.

  • Huntington. (2019). Clash of Civilizations, Foreign Affairs, summer, Vol. 72, No. 3, pp. 123-139

  • Mearsheimer, John (2019). Reckless States and Realism, International Relations, Vol. 23, No. 2, pp. 241- 256, June

  • Shenna, J (2018). The Case Iran Regionalism as the West’s Last Frontier. The Middle East Journal. Vol. 64. No. 3. Summer

  • Gheorgh R. Eliza (2017). The Boomerang Effect: The Effectiveness of Sanctions Againest Iran, Romania Energy Center Special Reaport.

  • Hakim, Sam R. & Rashidian, Manochehr (2016) Properties, Linkages, and the Impact of Sanctions on the Tehran Stock Exchange June

  • Institute International Pour (2018). Impact of sanctions on Iranian people healthcare, September Version 1.1

  • Pesaran & Shin. (2017). Co-integration and speed of convergence to equilibrium. Journal of Econometrics, 71, 43-117

  • Shebonti Ray Dadwal & M. Mahtab Alam Rizvi. (2015). US Sanctions on Iran and their Impact on India, Institute for Defense Studies and Analyses (IDSA), New Delh, June 21

                                                                                                                                                                                                        
  • Article Statistics