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The Pacific Area

In: The European Community after 1992

Author

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  • Peter Lloyd

    (University of Melbourne)

Abstract

Evidently there is no single Pacific view of EC92; each trading nation of the region has its own view. Such views reflect primarily the national perceptions of the effects of EC92 on the nations’ own economies, and secondarily the effects on the global trading and geopolitical situation. These views are changing in all countries over time as they are modified by events in the Soviet Union and East Europe, the Uruguay Round and elsewhere in the world economy. The formation of EC92 largely reflected the European perception that their competitiveness in the world economy had declined. EC92 is in turn a major perturbation of the conditions under which all commodities and factors may be traded in the world economy, and it will induce policy reactions in these countries; it should not be viewed as an isolated and exogenous event.

Suggested Citation

  • Peter Lloyd, 1992. "The Pacific Area," Palgrave Macmillan Books, in: Silvio Borner & Herbert Grubel (ed.), The European Community after 1992, chapter 12, pages 229-262, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-12048-2_12
    DOI: 10.1007/978-1-349-12048-2_12
    as

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