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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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The Case For Universal Basic Income

The combination of four factors, globalization, outsourcing, automaton, and the increasing adaptation and use of artificial intelligence is taking a growing toll on the low-income and middle-class sections of the society in developed countries, which is prompting the debate for the introduction of universal basic income.
01/26/2017 04:12 EST
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Are We In Too Much Debt?

Debt is necessary for households to build assets and improve human capital while for the government, it facilitates government investment in the society. Debt helps companies to grow and develop. However, excessive debt held by households, companies or the government may create potential financial or economic instability.
01/10/2017 07:42 EST
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Neoliberalism And The Rise Of Right-Wing Politics

Many Western countries have followed a policy of neoliberalism for the last few decades. A combination of privatization, deregulation including financial deregulation, free trade and globalization characterize neoliberalism. Neoliberalism has been a boon for global economic growth; both developed and developing countries have benefited from neoliberalism in terms of high economic growth.
11/21/2016 04:02 EST
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Tax Havens Impact Canadians Too

The money that pour into tax havens does not stay there, but is invested in various countries. However, any financial flow through a tax haven makes it tax-free, and any return on it tax-free as well. Corporations and wealthy individuals invest their finances through tax havens to avoid paying taxes or reduce their tax burden. Canada is no more immune to it than any other country.
09/12/2016 10:55 EDT
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The TPP May Widen The Gap Between Rich And Poor

Unemployment and income inequality are issues that are plaguing both countries; so, policies to ameliorate rather than exacerbate them need to be considered. Further research need to be conducted to understand the impact of the TPP on Canada and the U.S. before the trade agreement goes into effect.
03/21/2016 10:59 EDT
Getty Images

There's a Way to Recover Jobs Lost to Globalization

Globalization has brought significant benefits to the global economy, including developed countries' economies. However, it has led to decrease in the manufacturing base and employment in Canada and the US. If policies that require local content are introduced, it could boost employment in the manufacturing sector.
10/02/2015 08:34 EDT
CP

How Will the Federal Budget Affect Our Lives?

The federal budget announced recently has interesting policies that are expected to affect Canadians. Economic Action Plan 2015 has different components that may affect the lives of Canadians differently. An important aspect of the budget is that it would be balanced in 2015-16 with a projected surplus of $1.4 billion.
05/05/2015 12:15 EDT
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How Disparate Taxation Can Lead to Black Markets

Taxation is mostly used by state governments to generate revenue; it is sometimes used as a policy tool to dissuade citizens from the consumption of different products or services. However, the introduction of disparate taxation may lead to unintended consequences. Disparate taxation on cigarettes may lead to the creation and expansion of black markets for cigarettes. It is very important to be cognizant of the unintended consequences of disparate taxation when it is used as a policy tool.
04/02/2015 04:44 EDT
AP

The Many Consequences of a Falling Loonie

The Canadian dollar has been declining against the U.S. dollar for the last several months. The depreciation of the Canadian dollar has corresponded with the fall in oil price. Overall, the depreciating Canadian dollar would have different effects on various sectors of the economy.
02/10/2015 08:59 EST
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The Consequences of Falling Oil Prices

Falling oil prices is expected to affect the Canadian economy. The low prices may have different effects on the Canadian economy and in various geographical locations of the country. The oil sands in Alberta require high oil prices for the extraction of oil to be feasible. A fall in oil prices may make the production of oil in Alberta economically unfeasible.
12/09/2014 12:42 EST