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Professor Paul Wachtel discusses the business implications of Iran's nuclear deal

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Excerpt from CBS News -- ""The potential for opportunities for trade and growth are significant if Iran really opens up to the world,' said Paul Wachtel of New York University's Stern School of Business. 'It is a country with oil and a well-educated labor force. A large economy like that coming back into an integrated world economic order would be really significant.'

But Wachtel said there's a major 'if' tied to that prospect. 'That integration can only happen if this nuclear deal is part of an Iranian political shift to a broader openness to the world. You need that trust factor that's still not there yet.'"

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