The European Union project is strongly challenged today by the historical decision of United Kingdom’s citizens to exit from this structure, with all consequences assumed. United Kingdom will be the first nation that will quit this ambitious initiative and the decision is transmitted by the...

The aim of the paper is to analyse the process of liberalisation of trade in services in the European Union. Even though the history of this process is quite long, the effects are less than moderate. Intra-EU trade in services accounts for 20% of its total trade, which is also the world average,...

While the single market has largely been achieved for the EU market for goods, the services sector has lagged behind. This has resulted in sluggish activity, low productivity growth, high prices, that show a wide dispersion and relatively high inflation in this sector. Both the OECD product...

The EU Single Market remains far from completed: progress in goods and services market integration has stalled, financial markets are still fragmented along national lines and the barriers to labour mobility remain high. Restrictive regulation within countries and regulatory heterogeneity across...

From 2004, enlargement of the European Union is expected to bring substantial net economic benefits. Herein lies a weakness, in that practically all empirical studies characterise ‘single market’ accession using simple ad hoc uniform percentage reductions in trade costs. Employing a modified...

This compact literature survey covers the economic impact of the old EEC customs union and, more extensively, of the Single Market as it has emerged since the mid-1980s. The emphasis is on micro-economic studies of the effects on trade in goods (initially trade creation and diversion) and...

The EU Single Market remains far from completed: progress in goods and services market integration has stalled, financial markets are still fragmented along national lines and the barriers to labour mobility remain high. Restrictive regulation within countries and regulatory heterogeneity across...

The choice is between single market and political union over-simplified. Even an effective single market requires some political integration. So too does the management of a single currency, advantageous in itself. Neither requires a "European economic government". Beyond this, the peoples of...

This paper analyzes the effects of EU integration on intra-EU trade volumes with a special focus on trade within and between the core and the periphery countries. We find that in all phases of integration core-periphery and intra-periphery growth of trade has experienced stronger positive...

The financial crisis in Europe has resulted in a new assessment of monetary and financial integration both in Europe and in Asia. Before the current crisis, regional integration in monetary and fiscal affairs including mechanisms to stabilize exchange rates enjoyed a lot of academic and...