The liberalization of trade and factor movements and the adoption
of a common currency proposed for the EEC in 1992 have important
implications for the rest of the world. Nineteen experts from
academia, different countries and regions and international
organizations analyze these implications theoretically and
empirically. In general, the authors expect Europe 1992 to generate
positive effects on trade and welfare, although concerns are raised
over possible, inward looking policies by the Community. For many
small and distant countries the effects are shown likely to be
insignificant in any case.
General
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