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Salman Sakir

Economist

Salman Sakir has worked as an economist for several years, including for the Government of Canada. His interest in economics mostly lie in macroeconomics, international economics, financial economics, behavioral/experimental economics and public finance.
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Do the BRICs need a Bank?

The BRICS countries have recently started a new bank called the New Development Bank. Starting with an initial capital base of US $50 billion that is predicted to increase to US $100 billion, the bank's responsibility will be to finance infrastructure needs in the BRICS countries as well as other developing countries.
08/25/2014 11:25 EDT
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How Illicit Financial Flows from Developing Countries Reach Offshore Centres

The illicit financial flows to the developed countries may often be accompanied or followed by people who accumulate the illicit finance. As these people have engaged in bribery and other unlawful activities in developing countries to accumulate their illicit finance, there is always a possibility that they may resume their criminal behaviour once they move to the developed countries.
07/11/2014 12:46 EDT
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Should the Black Market Economy Count Towards GDP?

When drugs and prostitution are counted in calculating GDP, one could ask why the items in the basket are not increased. Forced labor, human trafficking and illegal organ trade are also elements of the black market. If drugs and prostitution are counted in calculating GDP, should a country also count forced labor and human trafficking in calculating GDP?
06/06/2014 04:58 EDT

How a Higher Minimum Wage Would Affect Americans

Increasing the minimum wage has been a hotly-debated topic. The increase of minimum wage from US$7.25 to US$10.10 has quite strong and persuasive arguments in favor of it while its opponents also have their own arguments against the increase.
05/19/2014 11:04 EDT

Global Economic Projections

The world economy has been going through rapid changes for the last few decades. The emerging economies, led by China, have grown at a rapid pace. This rapid growth has led to restructuring of the wor...
05/16/2014 04:54 EDT

Income Inequality and Human Development

Income inequality decreases human development in almost all types of countries identified in terms of human development index. Countries that are rated as having very high human development index (HDI) are usually countries that have high per capita incomes. An increase in income inequality in these countries may lead to a decrease in HDI.
03/06/2014 04:41 EST
ASSOCIATED PRESS

How Cities, Not Countries, Could Dominate the 21st Century

The megacities of the developed countries and the developing countries are significantly different. Cities like Tokyo and New York have very high per capita incomes and can provide basic services like law and order, health care, education and utility services to their residents. These cities have built the necessary infrastructure to cater to the needs of their residents.
02/26/2014 09:05 EST

Reshoring of Manufacturing

The last few decades have been characterized by the emergence of rapid industrialization in the emerging economies. Countries like China and Brazil have improved their industrial base and increased th...
02/21/2014 05:39 EST