The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

European Union Single Market: Design and Development

  • Jacques Pelkmans
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2986

Abstract

What precisely is a Single Market, how it has been designed in the case of the European Union (e.g. in the treaty) and how it has developed over 5 decades, are the three questions answered in this contribution. It is first shown that the design of a Single Market matters: it is not just about goods markets (despite the enormous emphasis in the literature on this aspect) but also about services, labour, capital and codified technology. In order to have a Single Market function properly, it is indispensable to combine negative integration (removal of barriers) with a considerable ambition in positive integration (common regulation, selected common policies, common market institutions where appropriate and endowed with proportionate but sometimes overriding powers). The treaty contained a unique design which has been ‘upgraded’ with the increasing ambitions of ‘deepening’ and ‘widening’ of scope of markets and policies in the EU. The development of the EU Single Market is stylized in four accomplished stages after the mid-1980s, when the ‘customs-union-plus’ was overcome for a much ‘deeper’ internal market, until today.

Keywords

European Union Single market Internal market Economic integration 

JEL Classifications

F15 
This is a preview of subscription content, log in to check access.

Bibliography

  1. Anderson, G. (ed.). 2011. Internal markets and multi-level governance. Don Mills: Oxford University Press, forthcoming.Google Scholar
  2. Balassa, B. 1961. The theory of economic integration. Homewood: Irwin.Google Scholar
  3. Copenhagen Economics. 2010. The economic impact of a European digital single market. Study for EPC. http://www.epc.eu/dsm/2/study_by_Copenhagen.pdf
  4. Guellec, D., and B. van Pottelsberghe. 2007. The economics of the European patent system. Oxford: Oxford University Press.CrossRefGoogle Scholar
  5. Lloyd, P. 2005. What is a single market? An application to the case of ASEAN. ASEAN Economic Bulletin 22(3): 251–265.CrossRefGoogle Scholar
  6. Mayer, T., and G. Ottaviano. 2007. The happy few – The internationalization of European firms. Brussels/London: Bruegel and CEPR.Google Scholar
  7. Pelkmans, J. 1982. The assignment of public functions in economic integration. Journal of Common Market Studies 21: 97–125.CrossRefGoogle Scholar
  8. Pelkmans, J. 1985. The institutional economics of European integration. In Integration through lawEurope and the American federal experience, vol. 1, Book 1, eds. M. Cappeletti, J. Weiler and M. Secombe. New York/Berlin: Walther de Gruyter.Google Scholar
  9. Pelkmans, J. 1991. Towards economic union. In Setting EC priorities, 1991–1992, ed. P. Ludlow. London: Brasseys.Google Scholar
  10. Pelkmans, J. 2005. Testing for subsidiarity. In Die Europaeische Union: Innere Verfasstheit und globale Handlungsfaehigkeit, ed. T. Bruha and C. Nowak. Baden Baden: Nomos.Google Scholar
  11. Pelkmans, J. 2011. European union single market: Economic impact. In The new Palgrave dictionary of economics, forthcoming.Google Scholar
  12. Tinbergen, J. 1954. International economic integration. Amsterdam: North-Holland.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Jacques Pelkmans
    • 1
  1. 1.