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Ο μύθος της ενιαίας αγοράς

According to the IMF, since the mid-90s, trade costs for goods dropped 16% for non-EU imports, but only 11% for trade within the EU. As a result, actual trade between EU countries is less than half that between US states.

O Luis Garicano, καθηγητής στο LSE και πρώην ευρωβουλευτής γράφει για την κατάσταση της «ενιαίας αγοράς» της ΕΕ.

Today, the EU's internal and external services trade are roughly the same size as a share of our economy. In a true single market, internal trade should be much larger. In a world where scale is ever more vital (services include such scale-intensive business as AI, finance, IT) this fragmentation of the single market is very damaging.

What is the structural problem causing this fragmentation? The Single Market we all thought we have is largely a myth.

  1. Mutual recognition fails in practice.
  2. The EU directives do not harmonize EU legislation.
  3. The EU Commission is not doing its job in enforcing the Single Market.

Πολύ περισσότερα στο λινκ.

Μετά την έκθεση Ντράγκι και φυσικά την εκλογή Τραμπ, οι σχετικές συζητήσεις έχουν έρθει (επιτέλους) στο προσκήνιο κι είναι εξαιρετικά ενδιαφέρουσες.

Silicon Continent is a weekly blog by Luis Garicano and Pieter Garicano that will try to understand why the EU is falling behind Asia and the US in AI, innovation and growth more generally. We will also aim to (much harder!) offer solutions and learn from other places. The blog will look at hard data, mostly from economics, and mix it up with case studies of success or failure.

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