October 31, 2006 at 6:02 am | Posted in Economics, Financial, Globalization, History, Middle East, Oil & Gas | Leave a comment







Dr. Jamshid Amuzegar (also Amouzegar), (1923 – ) is a former Prime Minister of Iran.

Born in Tehran in 1923, he first climbed his way into
college graduating with degrees in Law and Engineering from Tehran University. While World War II was brewing, he was able to enroll in Cornell University with the help of Colonel Crawford, an
American friend in Iran at the time. After finishing his PhD at Cornell University, he returned to Iran and became deputy minister in Iran’s ministry of Health, under Dr Jahanshah Saleh in 1955. Dr. Amuzegar was among the first of Iran‘s politicians schooled and trained in the United States. Prior to that time, Iran’s elite were almost entirely trained in France, among other European states.

Dr. Amuzegar then soon became Minister of Labour and then Minister of Health in the cabinet of prime minister Hasan-ali Mansour. He then
Minister of Finance in the cabinet of Amir Abbas Hoveida after the assassination of Prime minister Mansour in 1964, remaining in
that post for nine years.

In 1971, he and Sheikh Ahmed
Zaki Yamani
of Saudi Arabia were instrumental in implementing the series of price hikes that quadrupled the price of oil and provided the resources for Iran to modernize its infrastructure, agriculture, and defense. For this accomplishment, Amuzegar was awarded the Taj-e Iran, first class, an honor normally reserved for only the prime minister and former prime ministers. He was appointed Minister of the Interior in 1974.

In December 1975 he was taken hostage by the Venezuelan terrorist Carlos the Jackal during an OPEC meeting. Carlos was ordered to execute him, but did not do so, and Amouzger was released along with the other hostages after a few days.

In 1976 he became chairman of the Rastakhiz party, having led the Progressive faction against Finance Minister Hushang Ansary‘s Constructionist faction. Soon after Jimmy Carter became president of the United States, Dr. Amuzegar was finally appointed prime minister of Iran in August 1977, succeeding his rival Amir Abbas Hoveyda.

However, he rapidly became unpopular as he attempted to slow the overheated economy with measures that, although generally thought necessary, triggered a downturn in employment and private sector profits that would later compound the government’s problems. Hence in the wake of Khomeini‘s revolution, he soon resigned and was replaced by Jafar Sharif-Emami.

Dr. Amuzegar today resides in the United States. A
memorable quote by Dr. Amuzegar:

“We [Iranians] were invaded by Greeks, Arabs, Mongols, and Turks,
but we never lost our identity because foreign invaders would find a richer culture in Persians than that of their own.”

Jamshid Amuzegar is not to be confused with Jahangir Amuzegar,
PhD UCLA, former Executive Director of the IMF.

See also

Source used for this article


Jamshid Amuzegar is not to be confused with Jahangir
, PhD UCLA, former Executive Director of the IMF.

Trouble in Tehran

Jahangir Amuzegar

January 27, 2004

Crumbling Revolution

Jahangir Amuzegar

January/February 2003

OPEC as Omen

Jahangir Amuzegar

Adjusting to Sanctions

Jahangir Amuzegar

May/ June 1997

Oil Wealth: A Very Mixed Blessing

Jahangir Amuzegar

Spring 1982

OPEC and the Dollar Dilemma

Jahangir Amuzegar

July 1978

A Requiem for the North-South Conference

Jahangir Amuzegar

October 1977

The North-South Dialogue: From Conflict to Compromise

Jahangir Amuzegar

April 1976

Iran’s Economy under the Islamic Republic.

Jahangir Amuzegar.

New York: I. B. Tauris, 1993.

July/August 1994

Iran: An Economic Profile.

Jahangir Amuzegar.

Washington: Middle East Institute, 1977.

October 1977

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