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Jakarta Post

Democracy increases economic growth, say Iran, Indonesia

  • Dian Septiari

    The Jakarta Post

Jakarta   /   Tue, February 13 2018   /  01:33 am

Indonesia and Iran both say they have found that genuine political independence and democracy have paid considerable returns in the form of the economic development enjoyed by the countries’ citizens.

Speaking during a celebration at Hotel Indonesia Kempinski Jakarta of the 39th anniversary of the victory of the Islamic Revolution, Valiollah Mohammadi said since 1979 Iran has implemented democracy and granted various political rights to its citizens.

He claimed as one of the achievements that Iran had successfully held free elections: “Iran has held 43 national elections with the most recent participation rate of 73 percent in presidential election in May 2017.”

Meanwhile, he said, in the present time, Iran is the 18th most effective economy in the world. “Iran had successfully attracted US$52 billion of FDI [foreign direct investment] in a year, as well as r...