Much recent research has been devoted to the consequences of the
completion of the internal market in 1992. Existing estimates of
the effects of market integration remain very preliminary, however,
and many important issues have yet to be adequately addressed.
These formed the subject of a conference on "The Impact of 1992 on
European Trade and Industry" held by the Centre for Economic Policy
Research. This book reports the proceedings of that conference. The
contributors to the volume address such issues as the gains to be
expected from both "internal" and "external" economies of scale
following integration, and the implications of 1992 for the
Community's trade with both its traditional EFTA partners, the
potentially valuable new East European markets, and the rest of the
world. The volume also contains papers considering the effects of
the completion of the internal market on the design of appropriate
technology and taxation policies and a study of the role of
Japanese foreign direct investment in European manufacturing.
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