Effects of the Single European Act on EEC Diversification

Abstract

The 1987 Single European Act's intended goal is to unify European member nations. The Act provides a series of steps over time that dismantles the various trade barriers between the European Economic Community (EEC) members. The main economic reforms, reduced trade and increased capital flows, combine disparate goals and government policies to enhance the economic efficiency of EEC members. The EEC economic system is therefore changing to create a globally competitive community of nations with efficient internal trade and capital markets.