Government Intervention in Market Regulation: A Comparative Study of Iran and the United Arab Emirates
Keywords:
government intervention, economic regulation, legal framework of market regulation, regulation in the United Arab EmiratesAbstract
Government intervention in the economy, especially in developing countries, has profound effects on economic growth, income distribution, and market stability, which must be carefully examined. Accordingly, this study, employing a descriptive–analytical approach and using data collected through both library research and expert opinions from academic scholars in Iran and the United Arab Emirates, seeks to compare and analyze the tools and methods of governmental intervention and regulation in the economies of these two rentier states in order to identify their similarities and differences. The findings indicate that both countries, considering their specific conditions, have adopted different approaches toward government intervention in the economy and have therefore achieved diverse outcomes. Iran, with an ideological orientation and an emphasis on social justice, has exercised a greater degree of state intervention in the economy, whereas the United Arab Emirates has pursued a market-oriented approach based on free competition. Another part of the study’s results reveals that, despite the UAE’s success in the economic and welfare domains—achieved through attracting foreign investment, expanding the private sector, diversifying economic activities and revenues, and promoting a market-based economy—this country still faces certain specific challenges.
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Copyright (c) 2025 Mojtaba Evazinezhad (Author); Hadi Salehi; Babak Baseri (Author)
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