Abstract
The Islamic Republic of Iran is a unique case in the global economic system. The new experimental model initiated by and established after the Islamic revolution in 1979 was based on the concept of total independence from foreign influence, including economic independence. In recent years, Iranian politics was characterised by a more liberal approach, trying to relink the country to the global economy. This study focuses on the current Iranian liberalisation process, the debates concerning the threats and opportunities of liberalisation, and the country’s mixed approach towards foreign capital inflow, and its integration into the global economy with limited liberalisation and strong economic patriotism.