Summary of Stop Currency Manipulation and Create Millions of Jobs

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Stop Currency Manipulation and Create Millions of Jobs summary
Ending currency manipulation could add millions of US jobs and improve the American economy.

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8 Importance

7 Innovation

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Economist Robert E. Scott of the Economic Policy Institute, a liberal think tank, argues that unchecked currency manipulation by trading partners like China and Switzerland cuts US employment and raises its trade deficit. He offers several ideas – some controversial – to redress foreign exchange rate imbalances. Whatever your economic leanings, Scott’s well-researched and comprehensive look at the cost of currency manipulation will add to your understanding of a politically and economically complex issue. While always politically neutral, getAbstract suggests this alternative analysis to economists, executives and policy makers.

In this summary, you will learn

  • Why economist Robert E. Scott says the United States should end exchange rate manipulation
  • How that change would benefit Chinese consumers
  • How US policy makers could combat currency market manipulation
 

Summary

The exchange rate manipulations of 20 nations – including China and Switzerland – have cost the US millions of jobs and widened its trade deficit. By ending currency manipulation, the US could cut its trade deficit by $200 billion to $500 billion in three years and create 2.3 million to 5.8 million ...
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About the Author

Robert E. Scott heads trade and manufacturing policy research at the Economic Policy Institute.


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