Bajric Sanel
Ph.D. Economics & Computer Science
Tag Archives: Economic Growth
Saudi Arabia’s Transcontinental Economic Corridor: A Critical Assessment of Overstated Promises and Underlying Risks
Saudi Arabia has been at the forefront of headlines with its grandiose proposal for a Transcontinental Economic Corridor. This initiative is endorsed by major global powers, with the lofty aim of connecting regions as diverse as India, the Middle East, and Europe. But is the excitement and enthusiasm well-founded? This article aims to shed light…
Fractional Reserve Banking: Creating Wealth out of Thin Air
Have you ever wondered how banks create money, seemingly out of thin air? It sounds like magic, or even a trick. But this isn’t a sleight of hand—it’s the essence of a process known as fractional reserve banking, a cornerstone of the modern economy. The wizardry lies in the math and the mechanics of the…
Robot Taxes: A Solution to the Economic Threat of AI?
Introduction As artificial intelligence (AI) and robotics become increasingly advanced, there is growing concern about the potential economic impact of automation on job displacement. The advent of AI has introduced the potential for “robot taxes” as a means to mitigate these effects. This controversial concept, which involves taxing businesses that use robots for tasks that…