May
17
Professor Nader Habibi, Henry J. Leir Professor of the Economics of the Middle East and Senior Lecturer in the Department of Economics, spoke with NPR recently on the U.S. pullout of the Iran Nuclear deal and it’s effect on the major companies in Iran.
“The European economies and Asian economies have a lot more trade with the United States. So, ultimately they cannot completely ignore U.S. demands,” says Nader Habibi, a professor of the economics of the Middle East at Brandeis University.
In fact, a lot of companies began turning their backs on Iran when Trump was elected, and that’s one reason why Iran’s much-touted economic revival has proven to be a disappointment within the country, Habibi says.
During his campaign, Trump repeatedly promised to scrap the Iran deal, which “made some firms cautious to begin with,” Habibi says.
Read the complete article here.