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Preeg is a senior fellow at the Hudson Institute, a research organization founded in 1961 to make recommendations about public policy (no particular ideology or political position is expressed); he holds a Ph.D. in economics from the New School for Social Research and has long experience as a policy practitioner and scholar in international trade and finance. This study investigates whether the chronic U.S. trade deficit is a significant problem and, if so, what should be done about it. Annotation c. Book News, Inc., Portland, OR (booknews.com)