European Economic Integration, 1991 The Role of Technology

Gerald R. Faulhaber and Gualtiero Tamburini University of Pennsylvania and Universita Delgi Studi di Bologna This book brings together chapters by a group of European and North American economists, all of which focus on a single aspect of the ongoing plan for European economic integration -­ the role of technology. Indeed, the plan for European integration has many aspects social, institutional, and political. From a broad standpoint, the program approved by the 12 member states of the European Economic Community (Single European Act) in 1986 addresses these problems. Among other things, the Act pro vi des for the progressive establishment of a single internal market by 1992. At its most basic, this single European market means the unrestricted circulation of goods, people, services, and capital, unhindered by borders, tariffs, or restrictive national practices. The actual economic integration as planned by the Single Act will have a variety of consequences. On the whole, there will be the consolidation of the benefits already gained over the 2 Introduction previous 30 years due to the progressive lowering of tariff barriers within the Common Market. In particular, there has a been a shift away from Iimited national markets toward the wider market of the Community. In turn, this expansion of the market promises improved economies of scale and scope for many industries and a more efficient geographic allocation of production.

1 Introduction.- 2 European Economic Integration: Technological Prospects.- 3 1992 Europe as a Unified Customer Market.- 4 Implications of ‘Europe 1992’ in a Changing World Economy.- 5 European Perspectives: The Role of Services in the New Technical System.- 6 Stagnation and Competition in the European Economy.- 7 MNEs, Technology, and the Competitiveness of European Industries.- 8 Competition Dynamics Behind the Mask of Maturity.- 9 Reconceptualizing the Corporation and Competition.- 10 Collusive Behavior, R&D, and European Competition Policy.- 11 Integration of Financial Services in the European Community: Lessons from the Experience in the United States.- 12 Creating an Integrated EEC Market for Financial Services.- 13 Telecommunications and the Scope of the Market in Services.- 14 Implications of 1992 for European Telecommunications.- 15 New Technology, Physical Distribution, and a Single EC Market.