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Effects on the Rest of the World: Trade Diversion, Creation and Wealth

Herbert Grubel
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Herbert Grubel: Simon Fraser University

Chapter 2 in The European Community after 1992, 1992, pp 29-44 from Palgrave Macmillan

Abstract: Abstract Tariffs and quantitative restrictions on trade among the members of the European Economic Community (EEC) have been eliminated almost totally. It is expected that by 1992 the following, remaining barriers to internal trade will also be removed: 1. Customs procedures 2. Differences in technical regulations 3. Limitations on the movement of capital and labour 4. Differences in public procurement policies 5. Different currencies with accompanying exchange rate uncertainties and costs of conversion and transactions.

Keywords: Member Country; Special Interest Group; Public Procurement; European Economic Community; Factor Mobility (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12048-2_2

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DOI: 10.1007/978-1-349-12048-2_2

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