By Christopher J. S. Gentle (auth.)
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Additional info for After Liberalisation: A Vision of Europe in the Global Economy of the Twenty-First Century
The Era of Great Liberalisation 25 The changes that are taking place in the world economy are monumental. Indeed, it is difficult to get a proper grasp of the size and impact of the flows of goods and capital that now circumnavigate the world. The fundamental shift that has taken place is illustrated by the changing distribution of manufacturing and services across the globe. In 1961, France had 27 per cent of its workforce in manufacturing, compared with South Korea which hadjust 5 per cent. Compare the same countries in 1991.
Henzler (1992) The new area of Eurocapitalism Harvard Business Review. July-August, pp. 57-69. OECD (1994) OECD Economic Outlook. Dec. Organisation for Economic Co-ordination and Development. Paris. Paul Krugman, a US economist has developed this idea in several publications. See, for instance, P. Krugman (1994) Does third world growth hurt first world prosperity? Harvard Business Review. JulyAugust, pp. 113-121. M. Porter (1990) The Competitive Advantage Nations. Macmillan. London. European Commission (1994) Employment in Europe.
A cycle in which the forces of globalisation are a further pressure for liberalisation. In turn, liberalisation is a necessary process to facilitate further globalisation. LIBERALISATION, PRIVATISATION AND THE SINGLE EUROPEAN MARKET In the aftermath of World War II, Europe's shattered economies were bound together to seek greater security and economic prosperity in closer economic integration. In 1956, the Treaty of Rome set down the ground rules for the integration of Europe's leading economies.
After Liberalisation: A Vision of Europe in the Global Economy of the Twenty-First Century by Christopher J. S. Gentle (auth.)