The European Neutrals

The repercussions of EC92 on members, and especially on non-members, and the adequate reaction of neutrals have been discussed widely and will continue to be discussed in parliaments, in governments, in newspapers and by economists. Nevertheless, the results are poor. This is due to three uncomfortable facts. The lack of agreement on political goals within the Community, the heterogeneity of the neutrals and the limited concern of economic theory with the effects of deepening integration, as opposed to the reduction of tariffs.