ABSTRACT
The ambitious EU program to establish a single internal market by 1992 raised fears among outsiders that this policy would result in a more insular Europe that would be less likely to trade with those who were not members of the Union. Are those fears justified? Consider the figures in Table 7.1 that show European trade patterns in 1988, at the outset of the initiative, and in 1994, the final year before the EU enlargement to include Austria, Finland, and Sweden. The values for exports and imports are simply derived by summing the trade of individual EU members.
