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Product Markets and 1992: Full Integration, Large Gains?

Product Markets and 1992: Full Integration, Large Gains? Abstract The goal of the '“1992” program is to complete by January 1, 1993, what the European Community set out to do in 1957: create a common market with a free flow of goods, services, labor, and capital. If the program is completed, the twelve member countries of the Community will form a common market larger than the United States, both in terms of population and gross domestic product (GDP). The renewed efforts have fuelled high expectations among the participants, and led to apprehension among many onlookers. Will “1992” bring the full integration and substantial benefits that are expected? Do countries outside the European Community have reason to fear “1992” or will they also benefit? http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Perspectives American Economic Association

Product Markets and 1992: Full Integration, Large Gains?

Flam, Harry
Journal of Economic Perspectives , Volume 6 (4) – Nov 1, 1992
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Publisher
American Economic Association
Copyright
Copyright © 1992 by the American Economic Association
Subject
Symposia
ISSN
0895-3309
DOI
10.1257/jep.6.4.7
Publisher site
See Article on Publisher Site

Abstract

Abstract The goal of the '“1992” program is to complete by January 1, 1993, what the European Community set out to do in 1957: create a common market with a free flow of goods, services, labor, and capital. If the program is completed, the twelve member countries of the Community will form a common market larger than the United States, both in terms of population and gross domestic product (GDP). The renewed efforts have fuelled high expectations among the participants, and led to apprehension among many onlookers. Will “1992” bring the full integration and substantial benefits that are expected? Do countries outside the European Community have reason to fear “1992” or will they also benefit?

Journal

Journal of Economic Perspectives – American Economic Association

Published: Nov 1, 1992

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