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Increasing protectionism in Europe

Peter Jona Korn

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Abstract

The EC-Commission and the European Council have both expressed their concern at the state of the internal market of the Community, which is jeopardized by trade barriers and subsidies to distressed industries. They both agree that a concerted effort must be made to strengthen and consolidate the internal market for goods and services. 1,2 Has the bacillus of increasing protectionism in world trade now spread to the internal trade in the EC? How can the danger be averted?

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What this paper is about

The EC-Commission and the European Council have both expressed their concern at the state of the internal market of the Community, which is jeopardized by trade barriers and subsidies to distressed industries. They both agree that a concerted effort must be made to strengthen and consolidate the internal market for goods and services. 1,2 Has the bacillus of increasing protectionism in world trade now spread to the internal trade in the EC? How can the danger be averted?

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Available abstract

The EC-Commission and the European Council have both expressed their concern at the state of the internal market of the Community, which is jeopardized by trade barriers and subsidies to distressed industries. They both agree that a concerted effort must be made to strengthen and consolidate the internal market for goods and services. 1,2 Has the bacillus of increasing protectionism in world trade now spread to the internal trade in the EC? How can the danger be averted?

Key concepts: Protectionism, International trade, Subsidy, Domestic market, International economics, European integration, Commission, Economics

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