Summary of Stop Currency Manipulation and Create Millions of Jobs
With Gains across States and Congressional Districts
Ending currency manipulation could add millions of US jobs and improve the American economy.
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
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