This article explores the impact of Iran's foreign policy on economic
development since the end of the Iran-Iraq war. The main question
discussed in this article is how foreign policy may affect economic
development in the Islamic Republic of Iran. As a case study the foreign
policy of the Islamic Republic during Ayatollah Akbar Hashemi Rafsanjani’s
presidency will be examined. To answer the main question, conceptual
framework of development-orientated foreign policy, along with two
examples, i.e. China and Nigeria, will be introduced. The hypothesis of the
article is that with a more realistic and pragmatist foreign policy, more
opportunities for success in economic development are created. The article
argues that in the era of globalization, economic development of a country
hinges on foreign relations with major economies and cooperation with
international institutions and organizations, especially economic entities.
Accordingly, if a country adopts a developmental approach in foreign
policy, it should accept the existing international order, along with its components.