Much research has been devoted to the consequences of the completion of the European internal market in 1992. Existing estimates of the effects of market integration remain exploratory, however, and many important issues have yet to be adequately addressed. These are the issues concerning this book. Edited by L. Alan Winters and Anthony Venables, the volume examines such questions as the extent of gains to be expected from both 'internal' and 'external' economies of scale following integration, the implications of 1992 for the European Community's trade with its traditional EFTA partners, the potentially valuable new East European markets, and the rest of the world. There are also chapters considering the implications of the internal market for the design of appropriate technology and taxation policies, and a study of the role of Japanese foreign direct investment in European manufacturing.
• FTPB of successful CEPR volume on Europe; hardback has sold c.1000 in 16 months • Looks at effects of a European internal market on industry and trade within Europe, with Eastern Europe, Japan and the US • The other CEPR book on European integration, by Giovannini and Mayer, has sold over 900 copies in paperback in six months
List of figures; List of tables; Preface; Acknowledgements; List of conference participants; 1. European integration: trade and industry L. Alan Winters and Anthony J. Venables; 2. Completing the internal market in the EC: factor demands and comparative advantage Michael Gasiorek, Alasdair Smith and Anthony J. Venables; Discussion Paul Brenton; 3. External effects and Europe's integration Riccardo J. Caballero and Richard K. Lyons; Discussion Alasdair Smith; 4. The quality and production of textiles and clothing and the completion of the internal market Riccardo Faini and Alberto Heimler; Discussion Willem Molle; 5. Competition and imports in the European market Alexis Jacquemin and André Sapir; Discussion Pier Carlo Padoan; 6. The structure and determinants of East-West trade: a preliminary analysis of the manufacturing sector Damien J. Neven and Lars-Hendrik Röller; Discussion Fabrizio Onida; 7. 1992 and EFTA Victor D. Norman; Discussion Carl B. Hamilton; 8. Technology policy in the completed European market David Ulph; Discussion Arye L. Hillman; 9. Corporation tax, foreign direct investment and the single market Michael Keen; Discussion Ian Wooton; 10. Japanese direct manufacturing investment in Europe Stefano Micossi and Gianfranco Viesti; Discussion Hideki Yamawaki; Index.