By Christopher J. S. Gentle (auth.)
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Additional info for After Liberalisation: A Vision of Europe in the Global Economy of the Twenty-First Century
Albert (1993) Capitalism against capitalism. Whurr Publishing. London. See also H. Henzler (1992) The new area of Eurocapitalism Harvard Business Review. July-August, pp. 57-69. OECD (1994) OECD Economic Outlook. Dec. Organisation for Economic Co-ordination and Development. Paris. Paul Krugman, a US economist has developed this idea in several publications. See, for instance, P. Krugman (1994) Does third world growth hurt first world prosperity? Harvard Business Review. JulyAugust, pp. 113-121.
As it is now well known, the Single European Act - which came into force in July 1987 - aimed to create a unified internal market via the harmonisation of physical, technical and fiscal barriers in nearly 300 areas of business by 1 January 1993. This was largely achieved, although the actual implementation still varies quite markedly between countries. The basis for operating in a single market is the idea of a single passport, whereby companies are regulated in their home countries, rather than in the host country.
This pressure coerced Europe to take its economic integration process further - via liberalisation. It was this economic imperative that forced the liberalisation of the European economy. 38 After Liberalisation HAND-IN-HAND: LIBERALISATION AND PRIVATISATION IN EUROPE Liberalisation has been the main instrument used to introduce market forces into Europe. Europe, however, is characterised by the high level of state control. Liberalisation alone has not proved sufficient to install free-markets.
After Liberalisation: A Vision of Europe in the Global Economy of the Twenty-First Century by Christopher J. S. Gentle (auth.)