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

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  • 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
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    References listed on IDEAS

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    1. 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.
    2. 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.
    3. 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.
    4. repec:zbw:bofrdp:1988_005 is not listed on IDEAS
    5. repec:zbw:bofrdp:1988_004 is not listed on IDEAS
    6. repec:zbw:bofrdp:1988_006 is not listed on IDEAS
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    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.

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