This study critically reviews the empirical literature on the effects of EC integration on countries that are not members of the EC, with especial emphasis on the developing countries. The focus is on trade, income, and factor flows.
The results of partial equilibrium and general equilibrium approaches are discussed with respect to five specific industries: the textiles and clothing industry, the automotive industry, the electrical machinery industry, the agricultural and food industries, and all major nonmember regions.
Policy-induced effects such as changes in external trade barriers and the harmonization of former national trade policies are given special attention, as they are largely ignored in computable general equilibrium (CGE) models. Given ongoing adjustment pressure due to extra-EC competition, income effects from enhanced imperfect competition are well demonstrated in CGE models.
The discussion provides a comprehensive insight into the industry-specific access conditions that third countries will encounter before and after the completion of the Single Market program.
A Kiel Institute publication.
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6 x 9, ca 140 ppISBN 0-472-10564-7
cloth 55.00E (tentative) [NA/CA/LA]*
September