Purpose The purpose of this paper is to investigate the current state of the single European labor market (SELM), its related risks and opportunities, and identify useful measures for reaching the goal of increased European labor mobility. Design/methodology/approach The authors conducted an...

We analyse transboundary pollution externalities caused by consumption of goods. The model is of a reciprocal dumping type in which there are two countries and two firms. Each firm produces a homogeneous good to be consumed in both markets. There are two policies available to the governments of...

Purpose – A major lesson of the European Monetary Union (EMU) crisis is that serious disequilibria result from regional monetary arrangements not designed to be robust to a variety of shocks. The purpose of this paper is to assess these disequilibria within the Economic and Monetary Community...

Purpose – A spectre is hunting embryonic African monetary zones: the European Monetary Union crisis. The purpose of this paper is to assess real, monetary and fiscal policy convergence within the proposed WAM and EAM zones. The introduction of common currencies in West and East Africa is...

Purpose – Assessment of African financial development dynamic convergences in money, credit, efficiency and size. The paper aims to discuss these issues. Design/methodology/approach – The empirical evidence is premised on 11 homogenous panels based on regions (Sub-Saharan and North Africa),...

Purpose This paper explores the possibilities for policy coordination in the Southern African Development Community (SADC) as well as real effective exchange rate (REER) stability as a prerequisite towards sensible monetary integration. The underlying hypothesis goes with the assertion that...

Abstract: The European Union is the world’s deepest free trade zone. Amongst its members, it has abolished tariffs and lowered non-tariff barriers. This has led to trade creation within Europe and to trade diversion between EU countries and outsiders. Deep trade integration and the resulting...

Properly implemented, the social charter′s principles will provide for both social justice and enhanced competition in the new European market. The principle of “subsidiarity” states that the EC should involve itself only in matters most appropriate for its intervention. The article...

By the end of 1992 many of the barriers which still hinder trade between the European states will have gone. This article surveys recent developments in the European Community and economic adjustments in response to integration; summarising the other articles in this issue, which consider...

International specialisation in production via the development of international trade and factor movements is the basis of much of the developed world′s prosperity. This article is concerned with the forces that drive specialisation in manufacturing in the developed countries, and particularly...