In its pursuit of economic integration, economic and monetary union (EMU) had become a primary commitment for the European Community. Originally published in 1974, this study sets out to examine the meaning of economic union and its relationship with monetary union.
The contributors look at the problems and costs for attaining economic union for the member states of the EEC at the time. Steven Robson writes on economic management. Paul Woolley examines the integration of capital markets. Santosh Mukherjee looks at the implications of labour market policy. Geoffrey Denton and Adam Ridley consider the impact of economic and monetary union on regional problems. Alan Prest is concerned with tax harmonisation specifically Value Added Tax and Corporation Tax and Douglas Dosser discusses the development of a European Community budget.
Though the long-term benefits of EMU were clear, in the short term it would impose strains and pressures on national economies and particular sectors within them. This study goes a long way to clarifying where these difficulties would arise and suggests some ways of coping with them.
Table of Contents
Preface. 1. The Meaning of Economic Union Geoffrey Denton 2. Economic Management in a Monetary Union Steven Robson 3. Integration of Capital Markets Paul Woolley 4. Labour Market Policy Santosh Mukherjee 5. Regional Problems and Policy Geoffrey Denton and Adam Ridley 6. Fiscal Issues Alan Prest 7. Development of a European Community Budget Douglas Dosser. Notes on Contributors. Index.