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.