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Economic Divergence in the European Community (1981) looks at the widening differences between the economies of the members of the EC. The designers of the common market had assumed that the removal of trade barriers would bring about a natural convergence among national economies. This book closely examines these assumptions.



Economic Divergence in the European Community (1981) looks at the widening differences between the economies of the member states of the European Community. The economic designers of the common market had confidently assumed that the removal of trade barriers would bring about a natural convergence among national economies, and an acceleration in the pace of economic growth. This book closely examines the assumptions and suggests ways in which the Community’s limited financial instruments and capabilities for co-ordinating economic and monetary policies might better be used to promote these aims.

1. Liberty, Equality, Divergency: the Legacy of the Treaty of Rome?
Michael Hodges
2. Economic Divergence in the European Community: A Survey of
the Evidence E.C. Hallett
3. Industrial Development and Economic Divergence
Daniel T. Jones
4. Industrial Adjustment: the Community Dimension Stephen
Woolcock
5. How to Prevent the EC Budget Reinforcing Divergence: A British
View Geoffrey Denton
6. EMS: Cul-de-Sac or Signpost on the Road to EMU?
Jocelyn Statler
7. Regional Divergence and Policy in the Community, with
Special Reference to Enlargement Geoffrey Denton
8. Economic Divergence and
Enlargement Loukas Tsoukalis
9. Convergence at the Core? The Franco-German
Relationship and its Implications for the Community Jonathan Story
10.
Integrating Divergent Economies: the Extranational Method John Pinder
11.
Conclusions William Wallace
Michael Hodges and William Wallace for the Royal Institute of International Affairs, Chatham House