Can we have some text here Economic Advisory Committee

Meet the team


Dr. Steve Hanke

Director, Institute for Applied Economics and the Study of Business Enterprise, Johns Hopkins University

Dr. Steve Hanke is a Professor of Applied Economics and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore. He is a Senior Fellow at the Cato Institute in Washington, D.C, and a Distinguished Professor at the Universitas Pelita Harapan in Jakarta, Indonesia. He was a Member of the International Advisory Board of the National Bank of Kuwait, Chairman Emeritus of the Friedberg Mercantile Group, Inc., Principal at Chicago Partners, LLC in Chicago, and columnist at Forbes magazine. Dr. Hanke was Senior Economist on President Reagan’s Council of Economic Advisers from 1981 to 1982 and served as an advisor to many countries, including Albania, Kazakhstan, Indonesia, Venezuela and Yugoslavia. He also played an important role in the design or implementation of currency reforms in Argentina, Estonia, Lithuania, Bulgaria, Bosnia-Herzegovina, Montenegro and Ecuador. In 1998, Dr. Hanke was named one of the twenty-five most influential people in the world by World Trade Magazine.

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Dr. Arthur Laffer

Founder & CEO, Laffer Associates, Author of the “Laffer Curve”

Dr. Arthur Laffer is a well-known US economist, noted for his creation of the “Laffer Curve”. He is a member of the policy committee and the Board of Directors of the American Council for Capital Formation. Years of experience and success in advising on a governmental level have distinguished Dr. Laffer in the business community. He currently sits on the Board of Directors of several public companies, including Vivendi Environmental, MasTec Inc. (MTZ), Neff Corp. (NFF), Nicholas-Applegate Growth Equity Fund (NAPGX), and Oxigene Inc. (OXGN). He also sits on the Board of Directors or Board of Advisors of a number of private companies including ProFlowers, eDelights, Interelate, Enverity,, Olympic Healthcare, Direct Stock Market, ValuBond, Sonic Telecom, VirtualCom, Pointivity, US Script and Castle Creek.

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Dr. Patrick Low

Global trade expert and former Chief Economist at the World Trade Organisation

Dr. Patrick Low directs, undertakes and leads research into global supply chains, international trade and global governance. He is also currently a Visiting Professor at the University of Hong Kong and a fellow at the Asia Global Institute. Dr. Low was Chief Economist at the World Trade Organisation (WTO) for sixteen years until 2013 following a seven-year tenure at the GATT Secretariat, starting in 1980. He initially worked on trade in services at the WTO before his appointment to the role of Chief Economist in 1997. Dr. Low also served as WTO Director-General Mike Moore’s Chief of Staff for two years from 1999, after which he returned to his post as Chief Economist. Between his roles at the GATT and the WTO, Dr. Low taught economics for three years at El Colegio de México in Mexico City. During this time, he worked as a consultant for a range of governments and inter-governmental institutions. From 1990 to 1994, Dr. Low worked as a senior economist in the World Bank’s research complex (International Trade Division) where his research focused on trade policy, trade and the environment, fiscal policy and customs reform. Dr. Low was also an Adjunct Professor of International Economics at the Graduate Institute of International Development Studies, Geneva, for nine years from 2004 where he taught courses focusing on trade policy and theory, economics of the environment and trade and climate change. Dr. Low holds a BA in Economics from the University of Kent and a PhD in Economics from Sussex University, both in the UK, and has written widely on a range of trade policy issues.

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Dr. Robert Mundell

Nobel Laureate and Professor of Economics, Columbia University

Robert Mundell is a Nobel Laureate and Professor of Economics at Columbia University in New York. He taught at Stanford University and the Bologna (Italy) Centre of the School of Advanced International Studies of the Johns Hopkins University before joining, in 1961, the staff of the International Monetary Fund (IMF). From 1966 to 1971, he was a Professor of Economics at the University of Chicago and Editor of the Journal of Political Economy. He was also summer Professor of International Economics at the Graduate Institute of International Studies in Geneva, Switzerland. In 1974, he came to Columbia University. Dr. Mundell has lectured widely in North and South America, Europe, Africa, Australia and Asia. He has been an adviser to a number of international agencies and organisations, including the United Nations, the IMF, the World Bank, the Government of Canada, several governments in Latin America and Europe, the Federal Reserve Board and the US Treasury. In 1970, he was a consultant to the Monetary Committee of the European Economic Commission, and in 1972 to 1973, a member of the nine consultants to the Commission that prepared a report in Brussels on European monetary integration. He was a member of the Bellagio-Princeton study group on International Monetary Reform from 1964 to 1978 and Chairman of the Santa Colomba Conferences on International Monetary Reform between 1971 and 1987. He is a Companion of the Order of Canada.

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Professor Edward Nell

Malcolm B. Smith Professor of Economics, New School For Social Research, New York

Professor Edward Nell was born and brought up in a suburb of Chicago, and attended, first Princeton, then Oxford as a Rhodes Scholar. After studying math and engineering, he shifted to Economics, but with an emphasis, on the one hand on methodology and social philosophy, and on the other, on policy, social as well as economic. He has written articles, ranging from philosophy and anthropology, to pure economic theory, to applied work and policy. His interests range across macroeconomics, from monetary theory and financial markets to employment policies, all in the context of growth. But he considers steady growth a fiction, and not a particularly useful idea. Growth is always transformational, and the forces pressing for transformation – innovation, changes in distribution and in the character of social classes and institutions, in the role of government – are also the forces driving growth. This has led him to his recent work in dynamics, conceived broadly as the study of the changing character of the economy over time, to be explored technically, but with a close eye to history and institutions. He has served as an advisor to governments and NGOs, and he has taught and lectured at many universities in many countries. He is the Malcolm B. Smith Professor of Economics at the New School For Social Research in New York.

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Raed Safadi

Raed Safadi is Executive Director of the Research and Policy Sector at Dubai’s Department for Economic Development where he leads a team entrusted with the implementation of Dubai’s Strategic Plan 2021 and promoting the diversification and sustainable growth of Dubai’s economy.   Dr. Raed is a leading expert on development economics and has extensive experience advising governments on economic policy and management. He has published an array of books and articles covering such areas as economic development, regional trading arrangements and the world trading system. His most recent publication “Inclusive Global Value Chains” written with World Bank colleagues focuses on making GVCs more inclusive by overcoming participation constraints for SMEs and facilitating access for low income developing countries.   Dr. Raed has also worked for the OECD, World Bank, ESCWA and as a consultant for numerous governments, regional development banks and UN agencies.

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Dr. Dominick Salvatore

Dr. Dominick Salvatore is a Distinguished Professor and Director of the Ph.D. Program in Economics at Fordham University in New York City. He is President of the North American Economic and Finance Association, Past President of International Trade and Finance Association (1994 to 1996) and Chairperson of the New York Academy of Sciences (1998 to 2002). In addition, Dr. Salvatore is a Fellow of the New York Academy of Sciences and a Research Associate of the Vienna University of Economics and Business. He has served as a consultant to the United Nations, World Bank, International Monetary Fund, and Economic Policy Institute in Washington, D.C. In 1997, he received an “Achievement Award” from City University of New York. Dr. Salvatore was also appointed “Honorary Professor” by the University of Shanghai in 2005 and Strathmore’s Who’s Who, Professional of the Year in Education in 2006.

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