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Europe 1992 and its Possible Implications for Nonmember Countries

In: Policy Choices for the 1990s

Author

Listed:
  • Bela Balassa

    (The Johns Hopkins University)

Abstract

A common market has been defined as combining a customs union with free factor movements, where a customs union involves free trade within the union together with common tariffs (Balassa, 1961, p. 2). After noting the extent to which the European Community (EC) has conformed to this definition of a common market, this chapter considers the changes that the implementation of the Europe 1992 program is expected to bring about.

Suggested Citation

  • Bela Balassa, 1993. "Europe 1992 and its Possible Implications for Nonmember Countries," Palgrave Macmillan Books, in: Policy Choices for the 1990s, chapter 15, pages 363-384, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-13033-7_15
    DOI: 10.1007/978-1-349-13033-7_15
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