The Economics of the Renewed Integration Movement

Stephen F. Overturf

The ANNALS of the American Academy of Political and Social Science, 1994, vol. 531, issue 1, 84-93

Abstract: Beginning in 1978, the European Community embarked upon a process that would leave the member states 15 years later at a significantly higher level of economic integration. The establishment and institutional development of the European Monetary System would be perceived to be a success, leading to the Single European Act and the eventual adoption of many of those policies characteristic of a single internal market within the Community. This, in time, provided a base upon which an attempt at establishing economic and monetary union could be made. Although difficulties associated with a premature vision of the true nature of the European Monetary System would need to be described as a setback to the process, it is nevertheless clear from a broader perspective, and from the desire shown by other states to join the Community, that the economies of Western Europe are integrating.

Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:sae:anname:v:531:y:1994:i:1:p:84-93

DOI: 10.1177/0002716294531001007

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