Cambridge Business Association
What Strategy for a Genuine Single Market?
Report

What Strategy for a Genuine Single Market?

Jacques Pelkmans
CEPS, 2016
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Editorial Rating

7

Qualities

  • Analytical
  • Scientific
  • Background

Recommendation

Since the 1980s, the single market in Europe has progressed unevenly, with a long trail of false turns and ill-considered efforts cutting across national boundaries and political and cultural systems. Professor Jacques Pelkmans presents a sober assessment of the work needed to create a true single European market. Despite its often dry and turgid style, this in-depth report offers valuable insights. getAbstract recommends this timely analysis to policy makers with an advanced understanding of the issues and challenges surrounding the creation of a true European single market.

Summary

A true single market would Europeanize all products, services, labor, capital, knowledge and technology and allow them unfettered cross-border movement within the European Union. EU regulation should prevail in a single market; neither national interventions nor interests should disrupt its overarching goals. Such a single market constitutes a shared good that would benefit all EU citizens and would underpin GDP growth of 5% to 8%. The disparities between what a single European market could achieve and what the current ad hoc EU market can deliver compel policy makers...

About the Author

Jacques Pelkmans, a professor at the College of Europe, is a senior fellow at the Centre for European Policy Studies.

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