Seminar paper from the year 2010 in the subject Politics - Region: Near East, Near Orient, grade: 1,7, University of Haifa (-), course: Political Economy of the Middle East, language: English, abstract: The Shah of Persia is dethroned - the Islamic Republic proclaimed. A pre-eminent Western ally becomes an archenemy of the USA. In this setting, the paper focuses on the economic implications of the revolution. It deals with the underlying principles...