Since 'the Six' signed the
Treaty of Rome in 1957, massive changes have swept through what was known as the Common
Market and is now the European Union. The Union continues to develop in terms of both
membership and influence, and with monetary union becoming a reality it is now the
centrepiece of the movement towards closer political, social and economic integration in
Europe.
The Economics of Europe,
formerly published as The Economics of the Common Market, has been fully revised to
present a picture of the European Union as it enters the new millennium. This new edition
builds on previous volumes to provide an in-depth study of the economic principles
underlying the extended scope of the EU. It includes an updated survey of the
decision-making institutions and a discussion of new legislation, including the Maastricht
Treaty of 1992 and the 1997 Treaty of Amsterdam. Other major aspects - transport and
tariff barriers, fisheries and factor movements, foreign policy and defence, social,
regional and industrial policy, energy and the environment - are given equally
comprehensive treatment, as are the challenges facing the European Union today.