1. The Single European Market.
- Author
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McDonald, Frank
- Subjects
- *
ECONOMICS literature , *EUROPEAN cooperation , *BUSINESS literature ,EUROPEAN economic integration - Abstract
Completing the internal market, the opportunities of the single market, the challenges of 1992; these phrases are common currency in many sectors of the media. The UK Department of Trade and Industry has promoted an 11m campaign to increase awareness of the impact of a single European market (SEM) on the UK business community. Debate is growing over the implications of the SEM for the future economic system of the European Community (EC). The plan to harmonise the VAT and excise duties systems of member countries has brought the issue of the SEM before a wide audience. It has also become clear that the SEM is not something which happens in 1992. Rather that 1992, or more accurately 1 January 1993, is an agreed date by which time it is hoped that the necessary steps will have been taken to remove the barriers preventing an SEM from emerging. Already over 130 of the proposed 279 necessary changes outlined in the White Paper have been agreed by the Council of Ministers. A great deal of activity is being generated in many sectors in "covering" the 1992 move. There have, however, been few serious studies of the economic impact of the SEM. [ABSTRACT FROM AUTHOR]
- Published
- 1989
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