Iranian economy needs local investors supersede foreigners

Professor Michael Walker, the founder of Fraser Institute, believes that Iran should attach priority to motivate its citizens to invest in the country rather than attracting foreigners to do so.

TEHRAN TIMES - Professor Michael Walker, the founder of Fraser Institute, believes that Iran should attach priority to motivate its citizens to invest in the country rather than attracting foreigners to do so.

Fraser Institute is a Canadian think tank which is the publisher of Economic Freedom of the World annual survey which attempts to measure the degree of economic freedom in the world's nations. Index of Economic Freedom measures economic freedom based on trade freedom, business freedom, investment freedom, and property rights.

Addressing a meeting held by Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) in Tehran on Monday on the issue of economic freedom in Iran, the Canadian professor said: “I often say to them [Iranians] why you are concerned about foreigners’ investment in the country and not the citizens investing in the country.”

 “You should first of all be concerned for getting investment from Iranians here in the country. As important as it is to attract investment from outside your country, even more important is to keep people in your country”, he added.

Sep 5, 2017
Tehran Times |