The development and fall of the second Pahlavi government; Examining the fifth economic development program (Based on documents)

The last plan approved by Pahlavi II was the fifth development plan, which was approved with the fewest articles and notes (nine articles and two notes) in 1973. The fifth plan was the first plan that was revised after a short period of approval due to the increase in oil prices. The first chapter of this program specified the goals and main lines, and the other chapters dealt with economic affairs, regional development, environment, energy and transportation. During the implementation of the fifth plan, the increase in oil prices and the consequent increase in oil revenues provided the government with a lot of liquidity, which disrupted the economic structure. The increase in liquidity caused an increase in domestic demand. The inability of the country's economy to respond to the increase in demand, which was caused by the creation of money for the government, also increased the price of imported products and goods, and led the country's economy to the process of inflationary stagnation. Therefore, spending financial resources leads to the loss of resources. Considering the effect of these plans on the modernization process that is not proportionate to the society, which can be considered as one of the causes of the Islamic revolution and the end of the Pahlavi dynasty, the present study, with a descriptive-analytical approach, tries to reread the fifth construction plan based on documents.