November 2004
Intermediate to advanced
250 pages
6h 49m
English
Content preview from Confessions of an Economic Hit ManBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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CHAPTER 18Iran’s King of Kings
Between 1975 and 1978, I frequently visited Iran. Sometimes I commuted between Latin America or Indonesia and Tehran. The Shah of Shahs (literally, “King of Kings,” his official title) presented a completely different situation from that in the other countries where we worked.
Iran was oil rich and, like Saudi Arabia, it did not need to incur debt in order to finance its ambitious list of projects. However, Iran differed significantly from Saudi Arabia in that its large population, while predominantly Middle Eastern and Muslim, was not Arabic. In addition, the country had a history of political turmoil—both internally and in its relationships with its neighbors. Therefore, we took a different approach: Washington ...
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