IDEAS home Printed from https://ideas.repec.org/p/zbw/bofrdp/rdp1988_019.html
   My bibliography  Save this paper

The EC internal market: An "economic United States" of Europe

Author

Listed:
  • Skolnik, Amy

Abstract

In 1985, the EC Commission set about creating an internal market which would allow for the free flow of goods, services, labor, and cap; tal between all member states. Si nce then, concrete progress in opening markets and removing barriers has been made in the areas of financial services, procurement methods, transportation, and standards. However, there are a few fundamental obstacles that will prevent the EC from attaining its final g~als. These include the issues of taxation, open borders, lack of a single monetary system, and above all, national interest. Member states greatly fear the 10ss of their independent policy-making power. In contrast to the UoS., with its vast single market, the EC nations have many cultures, languages, and customs; something that is not likely to change. It is these factors that will ultimately prevent full cooperation and complete integration within the European Community. This paper analyzes the main areas of progress as well as the major problems of the Internal Market and focuses on the proposal that the Internal Market will create an 'United Economic Unit' comparable to that of the United States.

Suggested Citation

  • Skolnik, Amy, 1988. "The EC internal market: An "economic United States" of Europe," Bank of Finland Research Discussion Papers 19/1988, Bank of Finland.
    • Handle: RePEc:zbw:bofrdp:rdp1988_019
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/211522/1/bof-rdp1988-019.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Alexis Jacquemin & André Sapir, 1988. "European integration or world integration?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 124(1), pages 127-139, March.
    2. repec:zbw:bofrdp:1988_005 is not listed on IDEAS
    3. Koskela, Erkki & Virén, Matti, 1988. "Dynamics of the demand for money and uncertainty: The U.S. demand for money revisited," Bank of Finland Research Discussion Papers 4/1988, Bank of Finland.
    4. Ulrich Koester & Heinrich Terwitte, 1988. "Breakthrough in agricultural policy, or another policy failure?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 23(3), pages 103-108, June.
    5. repec:zbw:bofrdp:1988_004 is not listed on IDEAS
    6. repec:zbw:bofrdp:1988_006 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tyrväinen, Timo, 1988. "Wages and employment in a unionized economy: Practical implications of theoretical considerations in the context of Finland," Bank of Finland Research Discussion Papers 20/1988, Bank of Finland.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:zbw:bofrdp:1988_019 is not listed on IDEAS
    2. Skolnik, Amy, 1988. "The EC internal market : An "economic United States" of Europe," Research Discussion Papers 19/1988, Bank of Finland.
    3. Arribas, Iván & Bensassi, Sami & Tortosa-Ausina, Emili, 2020. "Trade integration in the European Union: Openness, interconnectedness, and distance," The North American Journal of Economics and Finance, Elsevier, vol. 52(C).
    4. Jean-François Loué & Patrick Messerlin, 1993. "Le Grand marché et le commerce extérieur," Revue de l'OFCE, Programme National Persée, vol. 43(1), pages 243-272.
    5. Winters, L. Alan, 1996. "Regionalism versus Multilateralism," CEPR Discussion Papers 1525, C.E.P.R. Discussion Papers.
    6. Rolf Langhammer, 1991. "Import market penetration in services," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 26(6), pages 274-280, November.
    7. Jan Fagerberg, 1993. "Technology, Trade Structure and Economic Integration - An examination of Intra-Nordic, Nordic-EC and Intra-EC trade 1961-1987," Working Papers Archives 1993489, Centre for Technology, Innovation and Culture, University of Oslo.
    8. repec:got:cegedp:15 is not listed on IDEAS
    9. Richard Baldwin, 2008. "Big-Think Regionalism: A Critical Survey," NBER Working Papers 14056, National Bureau of Economic Research, Inc.
    10. Ziltener, Patrick, 2002. "Wirtschaftliche Effekte des EU-Binnenmarktprogramms," University of Göttingen Working Papers in Economics 15, University of Goettingen, Department of Economics.
    11. Kuosmanen, Hannele & Pyyhtiä, Ilmo & Siiskonen, Reijo, 1988. "The KTKV model of the economics department of the Bank of Finland," Bank of Finland Research Discussion Papers 10/1988, Bank of Finland.
    12. Robert C. Hine, 1992. "Regionalism and the Integration of the World Economy," Journal of Common Market Studies, Wiley Blackwell, vol. 30(2), pages 115-124, June.
    13. Xinshen Diao & Terry Roe & Agapi Somwaru, 2001. "What is the Cause of Growth in Regional Trade: Trade Liberalisation or RTAs? The Case of Agriculture," The World Economy, Wiley Blackwell, vol. 24(1), pages 51-79, January.
    14. David Greenaway & Robert C. Hine, 1991. "Intra‐Industry Specialization, Trade Expansion and Adjustment in the European Economic Space," Journal of Common Market Studies, Wiley Blackwell, vol. 29(6), pages 603-622, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:bofrdp:rdp1988_019. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/bofgvfi.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.