Europe 1992: From the Common to the Single Market

Author(s):  
Peter Holmes
Keyword(s):  
2008 ◽  
Vol 53 (No. 10) ◽  
pp. 448-454 ◽  
Author(s):  
K. Tomšík ◽  
E. Rosochatecká

Finnish agriculture changed radically with the EU joining in 1995. The commitment of the Common Agricultural Policy (CAP) led to unprecedented changes in economic environment – in agriculture as in processing industry. Finland lost the possibility to regulate the original price level of agricultural products supported by the national border protection and export subsidies. Prices guaranteed by the EU are much lower today than before the EU-membership. Recently, Finland has evaluated ten years being an EU member. Despite its competitive disadvantage, given mostly by unfavourable production conditions, Finnish agriculture has not lost within the competitive environment of the single market and it has tried to take advantage of the opportunities offered by the CAP. The article recapitulates the ten year effort of Finnish agriculture to ensure the competitiveness within the EU single market.


Author(s):  
R W Dean

The objective of the paper is to assess the overall structural and competitive implications for the UK pig industry of the EC Single Market; colloquially known as “1992”.Particular attention is paid both to the effect of those changes in the commercial environment which 1992 will introduce and, secondly, to those aspects which differentiate the UK pig industry from its continental competitors. Analysis of these aspects will assist in drawing conclusions as to the likely effect of the Single Market and in determining an appropriate strategy for addressing the new situation.A body of admittedly largely circumstantial evidence suggests that the UK pig producer believes the advent of the Single Market will have little relevance to the way in which he conducts his business. This view is buttressed by his perception of the agricultural world as governed by the workings of the Common Agricultural Policy which is regarded as the principle influence upon agriculture and its commercial fortunes.


2021 ◽  
Vol 17 (1) ◽  
pp. 58-61
Author(s):  
OLGA M. Mescheryakova

The article gives a detailed assessment of the contents of the monograph "Regulation of the financial services market under the EU and EAEU law" written by Rustam Kasyanov. The work is devoted to the analysis and comparison of the key features of financial integration in the EU and the EAEU, including creation of a single market for the EU financial services and a common financial market of the EAEU. The issue under study is of particular relevance, since both unions intend to reach the same level of financial integration. It is also planned to create a supranational body for regulation of the common financial market of the EAEU according tothe EU example. Kasyanov's monograph was highly appreciated in academic circles as long as it describes a set of legal mechanisms for creation and functioning of a single market for the EU financial services that can be used to provide legal support for financial integration in the EAEU.


2018 ◽  
Vol 6 (1) ◽  
pp. 1
Author(s):  
Pawel Mariusz Pasierbiak

In 2007, the Association of Southeast Asian Nations (ASEAN) at its 13th summit decided to create the ASEAN Economic Community (AEC). In assumptions, the common market was to be established by the end of 2015, and the introduction of free movement of goods, services, capital and skilled labor was to lead to an increase in the degree of market integration among member states. But the creation of a single market is not an easy process, as illustrated by the case of the European Community/European Union, where a process of single market creation has been implemented slowly and with numerous difficulties. On the other hand, if the process of a common market creation is successful, the integration brings benefits to the participating countries. The primary goal of this article is to indicate potential effects as well as to show the progress of the implementation and functioning of the common market in the ASEAN Economic Community. To achieve the objective, the author will analyze the theoretical implications of a common market and the real implications, taking the European Union as an example. Having done this part of the analysis, the author will try to indicate and evaluate the possible effects of the process of the common market creation in the Association of Southeast Asian Nations.


2020 ◽  
pp. 269-293
Author(s):  
Sylvia de Mars

This chapter describes what is interchangeably called the ‘common market’, the ‘single market’, or the ‘internal market’. These terms all refer to the same concept: a geographical area made up of the territories of the Member States, wherein there are (in theory) no barriers to trade, and which operate an identical external trade policy. The chapter looks at the completion of the single market, considering the European Economic Community (EEC) Treaty. It also identifies what makes the single market unique, detailing the stages of economic integration and the key components of the EU's internal market. In light of the Withdrawal Agreement, it will be some time before the UK distances itself from the EU's internal market. The transition period created by the Withdrawal Agreement effectively results in a form of ongoing ‘EU membership’ without institutional representation. Both the positive regulations that make up the internal market and the EU's customs union rules will thus continue to apply to the UK until at least the end of 2020.


Author(s):  
Jonne Lehtimäki ◽  
David Sondermann

AbstractThe European Single Market created a common market for millions of Europeans. However, 30 years after its introduction, it appears that the benefits of the common European project are occasionally being questioned at least by some parts of the population. Others, by contrast, strive for deeper integration. Against this background, we empirically gauge the growth effect that arose from the Single Market. Using the synthetic control method, we establish the growth premium for the Single Market overall and for its founding members. Broadly in line with the predictions made by Richard Baldwin at the onset of the Single Market project, we find significantly higher real GDP per capita for the overall Single Market area of around 12–22 %. In comparison, smaller EU Member States seem to have benefited somewhat more compared to larger countries. The estimated growth effects underline the case for further deepening and broadening the Single Market where possible.


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