Property Right Security and Underdevelopment in Iran

The paper intends to discuss about the property right security in Iran during 1925 – 2011 and its implications in terms of Iran’s underdevelopment. Therefore, different variables are considered and discussed such as, rule of law, fight against corruption, the courts’ impartiality and independency, investment prospect and finally access to financial resources and loans. In this way, the assumption of the author is that undesired circumstances of the said elements in the above period have led to aggressions against property right, specially the property right of the production sector. This insecurity has caused growth of unproductive sector and increase in renrier sector; it has prevented any initiatives and entrepreneurship the result of which is underdevelopment of Iran.