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The Economics of the Renewed Integration Movement

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  • STEPHEN F. OVERTURF

Abstract

Beginning in 1978, the European Community embarked upon a process that would leave the member states 15 years later at a significantly higher level of economic integration. The establishment and institutional development of the European Monetary System would be perceived to be a success, leading to the Single European Act and the eventual adoption of many of those policies characteristic of a single internal market within the Community. This, in time, provided a base upon which an attempt at establishing economic and monetary union could be made. Although difficulties associated with a premature vision of the true nature of the European Monetary System would need to be described as a setback to the process, it is nevertheless clear from a broader perspective, and from the desire shown by other states to join the Community, that the economies of Western Europe are integrating.

Suggested Citation

  • Stephen F. Overturf, 1994. "The Economics of the Renewed Integration Movement," The ANNALS of the American Academy of Political and Social Science, , vol. 531(1), pages 84-93, January.
    • Handle: RePEc:sae:anname:v:531:y:1994:i:1:p:84-93
    DOI: 10.1177/0002716294531001007
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    References listed on IDEAS

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    1. Melitz, Jacques, 1988. "Monetary Discipline and Cooperation in the European Monetary System: A Synthesis," CEPR Discussion Papers 219, C.E.P.R. Discussion Papers.
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