ABSTRACT

The industrial sector is at the heart of most integration schemes as these tend to begin with the integration of the market for manufactured goods. In this chapter, the author discusses the way in which the EU has regulated the integration of the manufacturing sector. The importance of the manufacturing industry for the welfare of a nation has induced many governments to pursue policies to foster industrial development. In the post-war period, the manufacturing sector became one of considerable importance to the economy of the EU countries. The author provides a concise description of the structural development under conditions of international integration. He describes case studies of the dynamics of two branches, steel and motor cars. The European coal and steel community treaty permitted a far-reaching market regulation policy for the steel sector, allowing certain interventions in prices and quantities such as minimum prices, national production quotas and import restrictions.