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Some Implications of Europe 1992 for Developing Countries

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  • Sheila Page

Abstract

Both the process of formation of the Single European Market, which implies major economic and legal changes in Europe, and the results, which imply greater efficiency and growth, affect the Community's trading partners. Initial calculations have suggested that, in aggregate, the benefits for the rest of the world roughly balance the costs. But many developing countries are directly affected by individual sectoral changes. Because of the relatively high degree of specialisation of their economies and trading patterns, the effects on individual developing economies are therefore potentially large. The changes which are likely to be most important for developing countries include: the removal of all barriers to intra-EC trade, which improves the competitiveness of EC relative to non-EC suppliers; the harmonisation of excise duties, which is helpful to coffee, tea and cocoa producers, and harmful to tobacco producers; the harmonisation of textile and clothing quotas, whose effects will ... Les partenaires commerciaux de la Communauté européenne sont simultanément affectés par la mise en place du marché unique européen qui implique des modifications importantes du système économique et législatif européen et par les conséquences de ce marché qui seront caractérisées par une augmentation de l'efficacité et de la croissance. Les évaluations initiales ont démontré que, dans l'ensemble, pour le reste du monde, les bénéfices égalaient les coûts. Cependant de nombreux pays en développement sont directement touchés par les changements sectoriels qui vont se produire dans chaque pays. A cause du niveau relativement élevé de spécialisation de leurs économies et de leurs structures commerciales, les effets sur chaque pays en développement sont donc potentiellement considérables. Pour les pays en développement, les changements probablement les plus importants seront : la suppression de toutes les barrières tarifaires dans les échanges intra-communautaires, ce qui va améliorer ...

Suggested Citation

  • Sheila Page, 1992. "Some Implications of Europe 1992 for Developing Countries," OECD Development Centre Working Papers 60, OECD Publishing.
  • Handle: RePEc:oec:devaaa:60-en
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    File URL: http://dx.doi.org/10.1787/620650853627
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    References listed on IDEAS

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    1. Hall, Robert E, 1978. "Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 971-987, December.
    2. W. Max Corden, 1988. "Debt Relief and Adjustment Incentives," IMF Staff Papers, Palgrave Macmillan, vol. 35(4), pages 628-643, December.
    3. Jeffrey D. Sachs, 1989. "Developing Country Debt and Economic Performance. The International Financial System," NBER Chapters,in: Developing Country Debt and Economic Performance, Volume 1: The International Financial System, pages -12 National Bureau of Economic Research, Inc.
    4. Alain Ize & Guillermo Ortiz, 1987. "Fiscal Rigidities, Public Debt, and Capital Flight," IMF Staff Papers, Palgrave Macmillan, vol. 34(2), pages 311-332, June.
    5. Jeffrey D. Sachs, 1989. "Introduction to "Developing Country Debt and the World Economy"," NBER Chapters,in: Developing Country Debt and the World Economy, pages 1-34 National Bureau of Economic Research, Inc.
    6. Jeffrey D. Sachs, 1989. "Developing Country Debt and the World Economy," NBER Books, National Bureau of Economic Research, Inc, number sach89-3.
    7. Philippe Callier, 1989. "Debt Relief and Adjustment Incentives in a Financially Open Economy: Comment on Corden," IMF Staff Papers, Palgrave Macmillan, vol. 36(2), pages 514-522, June.
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    Cited by:

    1. Langhammer, Rolf J., 1998. "European integration deepening and widening: Implications for Asia," Kiel Working Papers 892, Kiel Institute for the World Economy (IfW).

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