Structural Reforms and the Benefits of the Enlarged EU Internal Market : Much Achieved and Much to Do

Resource Information

The work Structural Reforms and the Benefits of the Enlarged EU Internal Market : Much Achieved and Much to Do represents a distinct intellectual or artistic creation found in University of Missouri-St. Louis Libraries. This resource is a combination of several types including: Work, Language Material, Books.

Label

Structural Reforms and the Benefits of the Enlarged EU Internal Market : Much Achieved and Much to Do

Title remainder

Much Achieved and Much to Do

Statement of responsibility

Jens Arnold ... [and others]

Contributor

• Wörgötter, Andreas
• Hoeller, Peter
• Arnold, Jens
• Morgan, Margaret

Subject

• European Union
• Economics

Language

eng

Summary

High expectations surrounded the two waves of eastward EU enlargement in 2004 and 2007, with the extension of the EU Internal Market being expected to deliver a substantial boost to economic growth in new and old member States alike. Indeed, considerable progress has been made, with existing evidence pointing to increased trade and FDI flows, enhanced east-west migration and a more stable macroeconomic environment. However, completion of the internal market is progressing at an uneven pace, and comparatively less progress can be seen in services industries, which provide over two-thirds of jobs and value added in the economy. Empirical estimates suggest that competition and trade-enhancing reforms in services industries could generate substantial productivity improvements across EU member economies. Over a period of 10 years, the predicted increase in labour productivity resulting from a bold reform package is around 10% for the average EU country, and new member States stand to gain even more. In addition to service-sector reform, priorities towards a more integrated EU internal market should include removing remaining barriers to labour mobility, improving transport infrastructure, mutual recognition of qualifications, and enhanced market integration of network industries. Finally, a more explicit use of benchmarking may help to enhance the momentum of future internal market reforms

Member of

• Working papers (Organisation for Economic Co-operation and Development. Economics Department), no. 694

Cataloging source

FR-PaOEC

Government publication

international or intergovernmental publication

Index

no index present

Literary form

non fiction

Nature of contents

dictionaries

Series statement

OECD Economics Department Working Papers,

Series volume

no.694