Economic Divergence in the European Community

Economic Divergence in the European Community (1981) looks at the widening differences between the economies of the member states of the European Community. The economic designers of the common market had confidently assumed that the removal of trade barriers would bring about a natural convergence among national economies, and an acceleration in the pace of economic growth. This book closely examines the assumptions and suggests ways in which the Community’s limited financial instruments and capabilities for co-ordinating economic and monetary policies might better be used to promote these aims.