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Economic Restructuring in Europe and the Market for Corporate Control

In: European Industrial Restructuring in the 1990s

Author

Listed:
  • Roy C. Smith
  • Ingo Walter

Abstract

In 1985 the EC Commission announced its 1992 single market initiatives. To a significant extent these initiatives — which had been promised at the inception of the Europe Common Market about 30 years earlier but never implemented — were the result of increasing confidence among European statesmen that deregulated private-sector economic activity could produce superior growth performance among the EC countries than would continuation of government income policies and other forms of direct intervention in markets. The renewed confidence in the private sector followed bold but successful economic reforms undertaken in Britain and France, deregulation of financial services, and privatization of an array of government enterprises, including several that had previously been heavily subsidized by the state.

Suggested Citation

  • Roy C. Smith & Ingo Walter, 1992. "Economic Restructuring in Europe and the Market for Corporate Control," Palgrave Macmillan Books, in: Karel Cool & Damien J. Neven & Ingo Walter (ed.), European Industrial Restructuring in the 1990s, chapter 4, pages 77-118, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-12582-1_4
    DOI: 10.1007/978-1-349-12582-1_4
    as

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