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Government must not intervene in manufacturing, but should intervene to stabilize foreign currency market

Wednesday, 3 April 2013

Former Minister of Housing, Mohammad Saeedi Kia, discussed the state of Iran’s economy and said that in his opinion, the most important move the Iranian government should make in economics is strict implementation of the principles of the National Development Fund. According to Kia, the establishment of the fund itself is a form of intervention, proper government intervention. Instead, if the government tries to create industries on its own or help industries that are not efficient, this would be incorrect intervention. The government must only intervene during crises and must intervene in the economy to reduce fluctuations in foreign currency value with which the Iranian economy must cope. The government cannot intervene in manufacturing since it does not understand the field. It must create the conditions necessary for anyone wishing to invest in a solid and competitive manner in manufacturing so that Iranian products can compete in the global market.

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  • Published: 107 days ago on Wednesday, 3 April 2013
  • By: Iran Daily Brief
  • Last Modified: April 3, 2013 @ 2:10 pm
  • Filed Under: Economy
  • Tagged with:
  • Source(s):
    • http://www.khabaronline.ir/detail/284277/

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