Summary of Stop Currency Manipulation and Create Millions of Jobs

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Stop Currency Manipulation and Create Millions of Jobs summary
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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 and
  • How US policy makers could combat currency market manipulation.
 

About the Author

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

 

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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