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The Trade Deficit, the Dollar, and the U.S. National Interest Paperback – August 1, 2000

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Editorial Reviews


Preeg’s analysis of the U.S. current account deficit is refreshingly free of ideological and academic blinders... -- Dr. Thomas J. Duesterberg

“Ambassador Preeg does a great job of dealing with the nexus of international finance and international trade... -- Clayton Yeutter

About the Author

Ernest H. Preeg, an adjunct fellow of the Hudson Institute specializes in international economic and foreign policy. For more than twenty-five years, he was a career foreign service officer, serving as American ambassador to Haiti, deputy assistant secretary of state for International Finance and Development, chief economist at the U.S. Agency for International Development, and executive director of the White House Economic Policy Group. His principal Hudson project will be a study of the causes of the chronic U.S. trade deficit and the need for a new financial architecture.

Ambassador Preeg formerly worked at several other public policy organizations, including the Council on Foreign Relations, the Brookings Institution, and, most recently, the Center for Strategic and International Studies.

He holds a Ph.D. in economics from the New School for Social Research and taught economics at Brooklyn College. His first career was in the U.S. merchant marine, rising from ordinary seaman to chief mate oceans.

Preeg is the author of thirteen books and numerous shorter works. His most recent books include Traders in a Brave New World: The Uruguay Round and the Future of the International Trading System (University of Chicago Press, 1995), The Haitian Dilemma (CSIS, 1996), From Here to Free Trade: Essays in Post-Uruguay Round Trade Strategy (University of Chicago Press/CSIS, 1996), and Feeling Good or Doing Good with Sanctions? Unilateral Economic Sanctions and the U.S. National Interests (CSIS, 1999). His October 1998 essay, “The U.S. Trillion Dollar Debt to Foreign Central Banks,” won second prize in the Jacques de Larosiere International Essay Competition in Global Finance, sponsored by the Institute of International Finance. His op-eds have appeared in Miami Herald, The Wall Street Journal, The Washington Post, and The Washington Times. He also has appeared on a variety of television and radio shows including CNN News, “Firing Line”, “Good Morning America”, “Jim Lehrer News Hour”, and the “Dianne Rehm Show”.


Best Books of the Month
Best Books of the Month
Want to know our Editors' picks for the best books of the month? Browse Best Books of the Month, featuring our favorite new books in more than a dozen categories.

Product Details

  • Paperback: 168 pages
  • Publisher: Hudson Inst (August 1, 2000)
  • Language: English
  • ISBN-10: 1558130446
  • ISBN-13: 978-1558130449
  • Product Dimensions: 0.5 x 6 x 9 inches
  • Shipping Weight: 11.2 ounces
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #4,985,931 in Books (See Top 100 in Books)

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Most Helpful Customer Reviews

4 of 5 people found the following review helpful By Shawn Erlbacher on November 14, 2000
Format: Paperback Verified Purchase
This book is a must in understanding globilization, the hoarding of the dollar abroad, the potential repercutions of a liberal trade policy and solutions for a soft-landing. Due to a lack of understanding of this subject the first chapter was laborsome, but soon I became facinated with this subject. Overall, this book significantly elevated my understanding of the subject and provides an insightful view into this transparent issue.
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