Europe 1992 and the NIEs
This conference is about chances for cooperation. But to many observers from Asia and elsewhere, “1992” raises the specter of a reduction of economic exchange and the willful self-isolation of Europe. In fact, to the extent that “1992” is directed at the outside world, the program is designed to strengthen the competitive and adjustment capacity of the European economy, making it easier to compete in the world without resorting to protectionism. Given the brief space available, and the strength of prejudice fostered, not least in Germany, about a dirigiste Europe, this paper is largely limited to discussing the broad, liberal thrust of “1992” rather than the more marginal industrial and trade policy initiatives which are also part of the picture.
KeywordsEurope Income OECD Metaphor Shoe
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