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Global Accumulation and Structural Adjustments in Iran

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Part of the book series: International Political Economy Series ((IPES))

Abstract

During the past two decades, developing nations have been pursuing the now universal policy of neoliberalism in regulating conditions of accumulation. In developing countries, neoliberalism has been framed and enforced in the context of structural adjustment policy (SAP) by the World Bank and the International Monetary Fund (IMF). The implementation of SAP, in most cases, has resulted in the erosion of wage-earners’ purchasing power and the deterioration of their standard of living. Being guided by the regulatory conditions of global accumulation, states face new contradictions in their attempts to reconcile the ‘national’ and ‘global’ imperatives while resolving domestic tensions created by SAP.

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© 1999 Macmillan Press Ltd

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Yaghmaian, B. (1999). Global Accumulation and Structural Adjustments in Iran. In: Adams, F., Gupta, S.D., Mengisteab, K. (eds) Globalization and the Dilemmas of the State in the South. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230372603_12

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