Market integration in historical perspective
7 important questions on Market integration in historical perspective
The Spaak Report generated the idea of an entirely new kind of inter-state economic relationship as the basis for treaty negotiations. This report provided a blueprint for a single market in Western Europe, with which three main elements?
2) The curtailing of state intervention and monopolistic conditions; and
3) Measures to prevent distortions of competition, including the possible harmonization of legislation at the European level.
Harmonization = The act of setting common European standards from which states are unable to deviate (either upwards or downwards).
Based on the Spaak Report, the Treaty of Rome (1957) aimed for what?
Common market = An economic agreement that extends cooperation beyond a customs union, to provide for the free movement of goods, services, capital, and labour.
Membership of the European Community meant more than simply a customs union, however. The Treaty established which 'four freedoms' as central features of the single market?
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Why were national governments receptive to early efforts to eliminate trade barriers and to create a customs union?
Yet even with these national policies, it was still felt politically necessary to provide some sort of financial aid at the European level to do what?
Thus efforts to create a single market in Europe have sought to unify what?
What clash that began in the earliest years of the European Community continues today?
Interventionism = The concept that governments involve themselves in the regulation of markets, through policy, rather than leave markets to regulate themselves.
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