Holy oil water the economics of a theocratic nation
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Holy Oil & Water: The Economics of a Theocratic Nation PowerPoint PPT Presentation


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Holy Oil & Water: The Economics of a Theocratic Nation. Presented by: Johanna Murphy. “The Troubles” in Northern Ireland. Decades of conflict between Pakistan & India. Conflict between Israel & Hezbollah. The Taliban rule in Afghanistan. The Problem.

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Holy Oil & Water: The Economics of a Theocratic Nation

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Holy oil water the economics of a theocratic nation

Holy Oil & Water: The Economics of a Theocratic Nation

Presented by: Johanna Murphy


Holy oil water the economics of a theocratic nation

“The Troubles” in Northern Ireland

Decades of conflict between Pakistan & India

Conflict between Israel & Hezbollah

The Taliban rule in Afghanistan


The problem

The Problem

A theocratic nation will not hold a strong position in a liberal international political economy


What is theocracy

What is Theocracy?

  • Theocracy as “a mode of governance prioritizing a religious conception of the good that is strict and comprehensive in its range of teachings.”


Liberal economic system

Liberal Economic System

  • Purpose of economic activity is to enrich individuals & the state should play a very small role in the economic system


Islamic republic of iran

Islamic Republic of Iran


Strong position in global economy

Strong Position in Global Economy

Organization whose role includes administering trade agreements, providing a forum for trade negotiations, helping governments settle trade disputes, & reviewing national trade policies.

Relationship between oil demand

and Iranian GDP


I individual level

I. Individual Level

  • If a developing nation’s leader places adherence to religious practice above all other goals including prosperity…

Ayatollah Khomeini


Ii domestic level

II. Domestic Level

  • If a developing nation’s economy is state controlled…


Iranian economic sectors

Iranian Economic Sectors

State Sector

Private Sector

All large-scale & mother industries

Foreign trade

Major minerals

Banking

Insurance

Power generation

Dams & large-scale irrigation networks

Radio & television

Post

Telegraph & telephone services

Aviation

Shipping

Roads

railroads

Agriculture

Animal husbandry

Industry

Trade

All these will be publicly owned & administered

by the state

Services that supplement the economic activities

of the state


Iii international level

III. International Level

  • If a developing nation is a radical theocracy operating in an open, global market environment…


Conclusion

Conclusion


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