Hostname: page-component-586b7cd67f-gb8f7 Total loading time: 0 Render date: 2024-11-28T16:10:45.580Z Has data issue: false hasContentIssue false
  • English
  • Français

Routes to Economic Integration: 1992 in the European Community

Published online by Cambridge University Press:  26 March 2020

J.A. Kay  and
M.V. Posner
Get access Rights & Permissions [Opens in a new window]

Abstract

1992 is a staging post on the route to European economic integration. For Britain, the real issues are not national sovereignty versus supranationalism, but the choice between a liberal, market oriented path to integration and a planned, centralised one. The paper assesses these options as they arise in regulatory policies, in industrial strategy, and in the monetary and fiscal policies facing the Community. It recognises that there are major policy areas where the creation of a central authority is essential but concludes that the market route is often the right—and the only feasible—approach.

This is the third article from members of the CLARE Group to appear in the Review. Future articles will normally appear about twice a year. The Review is pleased to give hospitality to the deliberations of the CLARE Group but is not necessarily in agreement with the views expressed. Members of the CLARE Group are M.J. Artis, A.J.C. Britton, W.A. Brown, C.H. Feinstein, C.A.E Goodhart, D.A. Hay, J.A. Kay, R.C.O. Matthews, M.H. Miller, P.M. Oppenheimer, M.V. Posner, W.B. Reddaway, J.R. Sargent, M.F-G. Scott, Z.A. Silberston, J.H.B. Tew, J.S. Vickers, S. Wadhwani.

Type
Articles
Information
National Institute Economic Review , Volume 129 , August 1989 , pp. 55 - 68
Copyright
Copyright © 1989 National Institute of Economic and Social Research

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Cecchini, P. (1988), The European Challenge, Wildwood House, Aldershot.Google Scholar
de Cecco, M. and Giovannini, A., (1989) ‘A European Central Bank: Perspectives and Monetary Unification after ten years of EMS’, Centre for Economic Policy Research, London.CrossRefGoogle Scholar
Cnossen, S. and Shoup, C.S. (1987), ‘Coordination of Value Added Taxes’ in Tax Coordination in the European Community (ed. S. Cnossen), Kluwer Law and Taxation Publishers.CrossRefGoogle Scholar
Davis, E.H. et al (1989), 1992: Myths and Realities, Centre for Business Strategy, London Business School.Google Scholar
Davis, E.H. and Smales, C.A. (1989), ‘The Integration of European Financial Services’ (in Davis et al, 1989).Google Scholar
Emerson, M. et al (1988), The Economics of 1992, Oxford University Press, Oxford.Google Scholar
Geroski, P.A. (1989), ‘The Choice Between Diversity and Scale’, (in Davis et al, 1989).Google Scholar
Kay, J.A. (1989), ‘Myths and Realities’ (in Davis et al, 1989).Google Scholar
Kay, J.A. and Smith, S.R. (1989) ‘The Business Implications of Fiscal Harmonisation’, (in Davis et al, 1989).Google Scholar
Kay, J.A. and Vickers, J.S. (1988), ‘Regulatory Reform in Britain’, Economic Policy, 8, 285–351.10.2307/1344489CrossRefGoogle Scholar
Lee, C., Pearson, M. and Smith, S. (1988), ‘Fiscal Harmonisation: an Analysis of the European Commission's Proposals’, IFS Report 28, London.Google Scholar