TITLE

One Nation Under Sanctions

AUTHOR(S)
Newton-Small, Jay
PUB. DATE
September 2012
SOURCE
Time;9/24/2012, Vol. 180 Issue 13, p40
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article examines the effect of economic sanctions on commerce in Iran. Following Iran's refusal to engage in direct diplomacy with U.S. President Barack Obama regarding Iran's nuclear program, the U.S., along with its European and Asian allies, imposed strict economic sanctions on the country, which caused Iran's economy to suffer. Topics include how Iranian President Mahmoud Ahmadinejad's elimination of energy subsidies allowed Iranian citizens to create the illusion of prosperity thanks to a weekly check from the government, how the inflation of Iran's currency thanks to decreased oil exports is affecting Iranian commerce despite the citizens' extra money, and the effect of economic sanctions on Iranian businesses that trade with foreign companies.
ACCESSION #
80126810

 

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