In the modern era, futures studies began in Iran a half century ago. In the 1950s, 7- and 5-year development plans were the primary forms of futures studies conducted in Iran. But the most significant foresight job done here was "the Iranian Economic Outlook" prepared in 1962 to forecast economic conditions in the country until 1987. This foresight study was based on information from past studies that attempted to trace economic trends into the next decades. The administrative framework in which this foresight study got prepared was Iran’s 3rd development plan, which suffered from certain deficiencies, such as assuming a fixed rate of 6% for economic growth over the next 25 years.

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