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Robert E. Scott
Rob Scott has worked at the Economic Policy Institute since 1996. His research covers international economics, trade and manufacturing policies and their impacts on working people in the United States and other countries, the economic impacts of foreign investment, and currency manipulation. He has published widely in academic journals and the popular press, including The Journal of Policy Analysis and Management, The International Review of Applied Economics, The Stanford Law and Policy Review, and The Los Angeles Times, Newsday, USA Today, The Baltimore Sun, The Washington Times, and other newspapers. Rob appears frequently in the electronic media, including NPR, CNN, Bloomberg, and the BBC.

Entries by Robert E. Scott

Fast Track to Lost Jobs and Lower Wages

(31) Comments | Posted April 12, 2015 | 10:49 AM

This week, Senator Hatch will reportedly introduce "fast track" (trade promotion authority) legislation in the Senate, to help President Obama complete the proposed Trans-Pacific Partnership (TPP), a trade and investment deal with eleven other countries in Asia and the Americas. "Fast Track" authority would...

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The President Can End Currency Manipulation With the Stroke of a Pen, Halving the U.S. Trade Deficit and Creating Jobs

(6) Comments | Posted February 12, 2013 | 12:28 PM

Five years after the start of the great recession nearly nine million jobs are still needed to return to full employment. And as the Administration lays the groundwork for its second term, job creation should be goal number one. Under existing authority, the President can execute one simple...

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Alabama's Anti-immigrant Laws Put More Than 13,000 Good Export Jobs at Risk

(49) Comments | Posted June 20, 2012 | 3:53 PM

In the past two years Alabama has passed two of the most discriminatory, anti-immigrant laws in the nation (HB 56 and HB 658). This April, the Service Employees International Union and the Mexican National Association of Democratic Lawyers (ANAD) filed a groundbreaking complaint with Mexico's Department of...

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The U.S. Export and Import Bank Should Help Finance Sales of Domestic Firms That Compete with Imports

(1) Comments | Posted April 4, 2012 | 5:46 PM

The U.S. Export-Import Bank Charter expires on May 31, and it could reach its lending limit of $100 billion by May 1, forcing it to temporarily stop making new loans. The Obama administration is seeking a four-year renewal of the bank's charter, and wants to raise its lending...

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Institutions That Support U.S. Jobs Should Be Strengthened, Not Gutted

(0) Comments | Posted March 27, 2012 | 11:12 AM

The U.S. Export-Import Bank, which helps finance the export of U.S. goods and services that support jobs here at home, is bumping up against its borrowing capacity, which will expire on May 31 unless renewed by Congress. The Bank is one of the few federal institutions that exist to make...

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Revaluation of the Chinese Yuan Would Improve the U.S. Trade Balance

(6) Comments | Posted August 1, 2011 | 11:45 AM

In a recent report, I showed that full revaluation of the yuan and other undervalued Asian currencies would improve the U.S. current account balance by up to $190.5 billion, increasing U.S. GDP by as much as $285.7 billion, adding up to 2.25 million U.S. jobs and reducing the...

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Putting U.S.-China Trade in its Proper Perspective

(6) Comments | Posted April 11, 2011 | 11:47 AM

An April 7 column in the New York Times Economix blog highlighted the rapid growth of U.S. exports to China, which look impressive in isolation. But this is a biased and one-sided view -- exports have been overwhelmed by the growth of U.S. imports from China and the...

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Exports and Jobs: Less Than Half the Story

(6) Comments | Posted January 26, 2011 | 12:30 PM

President Obama talked about doubling exports in the State of the Union Address last night as a strategy to create jobs. It's a great sound bite, but woefully incomplete economics. While exports support American jobs, imports displace them; when imports grow faster than exports, our trade...

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Tide Turning on China Currency: Opponents Recycling Tired Arguments

(58) Comments | Posted September 23, 2010 | 6:44 PM

Hearings held last week by the House Ways and Means and Senate Banking Committees marked a turning point in Congressional debate on China's currency manipulation policies. There was widespread support for getting tough with China from members of both houses, and only token opposition from a...

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Summers brings back bubkes from Beijng

(9) Comments | Posted September 8, 2010 | 4:59 PM

Larry Summers, Director of the National Economic Council, returned empty handed from meetings this week with Chinese President Hu Jintao and other senior government officials. Although China announced in June that it would allow its currency to fluctuate, the yuan has gained less than one half of one percent since...

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The Times gets it wrong: Ending currency manipulation would reduce U.S. trade deficits and create jobs

(10) Comments | Posted September 2, 2010 | 5:09 PM

An op-ed published in The New York Times last week (August 23) claimed that revaluation of the Chinese yuan would "make barely a dent in America's trade deficit." This ludicrous assertion flies in the face of basic economic theory and our own economic history. The U.S....

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U.S. Jobs Depend on China Revaluing Its Currency Now

(13) Comments | Posted June 24, 2010 | 3:41 PM

Growing trade deficits with China eliminated or displaced 2.4 million U.S. jobs between 2001 and 2008. China's manipulation of its currency, the Renminbi (RMB), is responsible for at least 1 million of these displaced jobs. The best estimates show that the RMB (or yuan) is undervalued by at...

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The Myth of the manufacturing recovery

(11) Comments | Posted February 26, 2010 | 3:15 PM

Some bloggers have suggested that manufacturing is doing well, just because output has grown for the past few months. One sets up a straw man in a piece title "No, Virginia, U.S. Manufacturing isn't dead," but no serious economist claims that manufacturing is dead. Manufacturing employed 11.5 million...

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