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European Integration and the Functioning of Product Markets (Hardcover)
Loot Price: R3,401
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European Integration and the Functioning of Product Markets (Hardcover)
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Europe's achievements in economic integration have attracted
worldwide interest and are seen as an example for other regions to
follow. Ten years after the completion of the Single Market
Programme, this book is able to utilise empirical data not
available to previous studies, also building on research by reputed
academic experts and staff at the European Commission. The book
reveals that European product market integration has a significant
impact on the conditions of competition, the strategies of
companies and the structure of industry. It adds a quarter of a
percentage to annual GDP growth rates and has not led to an
increased exposure of the EU to asymmetric shocks. However, the
book argues that further improvements in the functioning of
European product markets are needed in order to improve the EU's
growth performance over the next decade. Invaluably, the book
provides not only current information about Europe's achievements
in economic integration but also methodology to assess the outcome
of economic integration in other regions of the World, such as
NAFTA, MERCOSUR and ASEAN. Offering a uniquely up-to-date and
comprehensive empirical analysis and assessment of the European
integration process, this book will be of great use and interest to
international institutions and NGOs as well as researchers and
scholars of European studies and economics.
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