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The Pacific Area

Peter Lloyd
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Peter Lloyd: University of Melbourne

Chapter 12 in The European Community after 1992, 1992, pp 229-262 from Palgrave Macmillan

Abstract: Abstract Evidently there is no single Pacific view of EC92; each trading nation of the region has its own view. Such views reflect primarily the national perceptions of the effects of EC92 on the nations’ own economies, and secondarily the effects on the global trading and geopolitical situation. These views are changing in all countries over time as they are modified by events in the Soviet Union and East Europe, the Uruguay Round and elsewhere in the world economy. The formation of EC92 largely reflected the European perception that their competitiveness in the world economy had declined. EC92 is in turn a major perturbation of the conditions under which all commodities and factors may be traded in the world economy, and it will induce policy reactions in these countries; it should not be viewed as an isolated and exogenous event.

Keywords: Free Trade; Free Trade Agreement; Common Agricultural Policy; Uruguay Round; Free Trade Area (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_12

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DOI: 10.1007/978-1-349-12048-2_12

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