ABSTRACT
The absence of virtually any reference to multinationals, even an implicit recognition of their existence, is a surprising omission from the official reports generated by the Single European Act. The Cecchini Report (1988), for instance, seems to be based almost entirely on the assumption that international specialization and trade are carried out by firms whose production facilities are confined to a single country. The same is also true of a similar, though more detailed and analytical, volume produced by the European Commission (Emerson et al. 1988).
