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European Single Market: Evolution and Modern Challenges

Author

Listed:
  • Yulia Loktionova
  • Artem Smirnov
  • Zeynab Giyasova
  • Larisa Kondratenko
  • Ilia Aksenov

Abstract

This paper draws on the methods of analysis and synthesis to study the regulatory framework governing the modern operating mechanism of the EU single market. Statistical analysis made it possible to reflect the market dynamics with reference to the pre‐ and post‐COVID crisis periods. Consolidation was applied to merge data on the trade of goods and services – the key elements of the EU Member States' trade indicators. Finally, the method of comparative analysis was employed to compare the single market environment of the EU with markets of other countries. The functioning of the single market depends on shared responsibility between the EU's centralized management and the many policies of its Member States. There are barriers within the single market system that limit the free movement of goods, services, people and capital and lead to an imbalance. These are sanitary and phytosanitary standards, tariff measures, and technical and quantitative barriers.

Suggested Citation

  • Yulia Loktionova & Artem Smirnov & Zeynab Giyasova & Larisa Kondratenko & Ilia Aksenov, 2023. "European Single Market: Evolution and Modern Challenges," Journal of Common Market Studies, Wiley Blackwell, vol. 61(1), pages 95-107, January.
    • Handle: RePEc:bla:jcmkts:v:61:y:2023:i:1:p:95-107
    DOI: 10.1111/jcms.13349
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    References listed on IDEAS

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    1. Annette Bongardt & Francisco Torres, 2020. "Lessons From the Coronavirus Crisis for European Integration," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(3), pages 130-131, May.
    2. Annette Bongardt & Francisco Torres, 2018. "What Should Be the EU’s Approach to Global Trade?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 53(5), pages 245-249, September.
    3. Alison Johnston & Aidan Regan, 2018. "Introduction: Is the European Union Capable of Integrating Diverse Models of Capitalism?," New Political Economy, Taylor & Francis Journals, vol. 23(2), pages 145-159, March.
    4. Dorothee Bohle, 2018. "European Integration, Capitalist Diversity and Crises Trajectories on Europe’s Eastern Periphery," New Political Economy, Taylor & Francis Journals, vol. 23(2), pages 239-253, March.
    5. Alexia Katsanidou & Zoe Lefkofridi, 2020. "A Decade of Crisis in the European Union: Lessons from Greece," Journal of Common Market Studies, Wiley Blackwell, vol. 58(S1), pages 160-172, September.
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