This authoritative volume traces the creation and development of the EEC as an institution and assesses its impact on the economic development of Europe and the policy areas under its control.
The book includes a thorough discussion of the background and origins of the European Economic Community. In the early years of post—war Europe, the continuous search for a multilateral commercial agreement resulted in various plans for European commercial cooperation. These schemes were proposed less in a desire for European integration and supranational institutions, than in response to real economic problems and were the precursors to the formation of the EEC.
The next section investigates the process of creating the EEC including the road to integration of the major founding members, and the attitude of the United States to European integration.
Finally, it discusses the economic development of the EEC since 1957. It explores major themes including the impact of the Community on trade and agriculture and on competition and financial policy, as well as the effects of its own enlargement. The study ends with the steps towards closer union embodied in the Treaty of Maastricht, which signalled the transformation of the European Economic Community into the European Union.