ABSTRACT
The twelve member states that make up the European Community (EC) are seeking to reform much of Western Europe's internal market by 1992. Their decisions will have a decisive influence on the political and economic landscape of the continent. All are pledged to remove all internal barriers to trade in goods and services, as well as movements of capital and labor, by December 1992. Most regional specialists agree that formidable issues of national sovereignty—for example, taxation, subsidies to industry, and immigration—will impede full implementation of this agreement. Nevertheless, the underlying momentum toward economic integration is likely to be sustained well beyond 1992.
