ABSTRACT

This conclusion presents some closing thoughts on the concepts covered in the preceding chapters of this book. The book focuses on the changes in the organisation of economic activity in the various sectors of the economy under the influence of economic integration. It examines the theoretical foundations for the explanation of the European Unions (EU's) past dynamism, as reflected in the growth of intra-EU trade and investment and the considerable increase in its scope of competences The Customs Union was to be realised before the end of the 1960s. The evidence from internal and external trade in goods shows that for large parts of the economy that objective has indeed been realised quickly. The Common Market, implying the abolition of obstacles to the free movement of capital and workers, is an old target. Progress on it has been fairly rapid for large parts of both the labour and capital markets.