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TNC Competitiveness in the Formation of the Single Market: The Role of European Business Revisited

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  • Benjamin Bürbaumer

Abstract

A paradox lies at the heart of the literature on the formation of the European single market. On the one hand, there is a broad consensus concerning the importance of increased international competition as one of the main reasons for the relaunching of European integration in the early 1980s. On the other hand, the emergence of the single market is depicted as an internal process unshaped by concerns for extra-European competition. I challenge this view by arguing that from its very inception, the single market was conceived as a means to enhance the external competitiveness of transnational corporations from Europe. In this process, deep integration through the harmonisation of technical standards and regulations played a major role. Against this background, the dynamics of regionalisation represent a distinct response to global competition while European transnational state-building appears to be fundamentally geared towards improving the ability of European TNCs to successfully compete on international markets.

Suggested Citation

  • Benjamin Bürbaumer, 2021. "TNC Competitiveness in the Formation of the Single Market: The Role of European Business Revisited," New Political Economy, Taylor & Francis Journals, vol. 26(4), pages 631-645, July.
    • Handle: RePEc:taf:cnpexx:v:26:y:2021:i:4:p:631-645
    DOI: 10.1080/13563467.2020.1806222
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