IMPACT OF US SANCTIONS AND COVID-19 PANDEMIC ON IRANIAN ECONOMY

Abdülkadir Gümüş (), Hamid Nabi̇lou () and Muhsin Hali̇s ()
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Abdülkadir Gümüş: Van Yüzüncü Yıl Üniversitesi
Hamid Nabi̇lou: Van Yüzüncü Yıl Üniversitesi
Muhsin Hali̇s: Muhsin Halis Kocaeli University

Academic Review of Humanities and Social Sciences, 2022, vol. 5, issue 1, 24-39

Abstract: In international arena, governments opt for different means, either material or immaterial, to realize their national goals and interests. In addition, these means impact the competitive governments’ critical interests indirectly and this causes them to change their behavior. In an era when use of force in international relations has declined or governments use the option more carefully, the ways of affecting other sensitive realms has changed an instance of which is sanction. The sanctions imposed on Iran due to its nuclear program have impacted Iran’s relationship with other countries and its national interests. Due to these sanctions, Iran has lost its relationship with many countries especially European ones. In addition, economic consequences of the pandemic are clearly negative. Business relations which could cause disease spread are also negatively impacted by this situation. Meanwhile, the pandemic is undermining the last stage of a long period of rapid global integration. Although global economy will not be damaged like it was back in 1910s, future historians will unsurprisingly refer to the pandemic as one of the consequences of globalization which ultimately led to a new era of global business. This study adopted a descriptive-analytical design and to do so, SPSS Software (version. 19) was used and questionnaire forms were distributed in a statistical population which consisted of managers and experts of industrial sectors of Iran. This study aims to review the impact of US sanctions and COVID-19 pandemic on Iranian economy. The results suggested that US sanctions and COVID-19 have a significant impact on performance of management, production and development of small and medium industries.

Keywords: Sanction; Pandemic; Dynamic Economy (search for similar items in EconPapers)
Date: 2022
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