Republic of Iran: embedding in global trends in development of world economy

Abstract

The Islamic Republic of Iran, as an actor in the world economy, is developing in accordance with the emerging trends, however, the manifestation of these trends is quite individual. The place and role of Iran in the modern world are considered, the features of its development and expansion of cooperation, primarily, trade in the conditions of imposed sanctions are analyzed. It was stated that Iran also pursues a protectionist policy towards a number of countries. It is proved that Iran is quite seriously implemented in the world economy, which allows us to talk about the manifestation of the main trends in the Iranian economy, in particular, development and regionalization, within the framework of which Iran’s cooperation and promising relations with the EAEU within the framework of a member of this organization, cooperation with China and India within the framework of the Silk Road Economic Belt initiative and the Transcontinental Transport Corridor “North-South”, the Organization for Economic Cooperation. It is said that Iran does not remain aloof from the development of the digitalization and from the circulation of cryptocurrencies, the introduction of digital money, the development of its own payment system, its own Internet. There are considered the means of regulating this area, in particular, of mining and of developing digital money. The impact of the pandemic on the development of the considered trends is proved. The factors determining the future development of Iran are identified. It has been inferred that global trends will continue to manifest themselves in six main scenarios: from the great economic decline (least likely) to the economic prosperity. It is found that further economic transformations carried out under the influence of these trends will contribute to the development of the country.