Tesco
Stop Currency Manipulation and Create Millions of Jobs
Report

Stop Currency Manipulation and Create Millions of Jobs

With Gains across States and Congressional Districts

Robert E. Scott
EPI, 2014
Get the Report

Read or listen offline

автоматическое преобразование текста в аудио
  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×
автоматическое преобразование текста в аудио

Editorial Rating

7

Qualities

  • Controversial
  • Comprehensive
  • Scientific

Recommendation

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.

Take-Aways

  • The exchange rate manipulations of 20 countries – including China and Switzerland – have cost the United States millions of jobs and widened its trade deficit.
  • Currency manipulation “distorts trade flows by artificially lowering the cost of US imports and raising the cost of US exports.”
  • By initiating policies to discourage currency manipulation, the United States could create between 2.3 million and 5.8 million additional jobs, roughly 40% of them in manufacturing.

About the Author

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

Comment on this summary or Начать обсуждение