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EC 92: Implications for United States Trade Policy

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Final rept.

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It has been said that peace is breaking out around the world, thus reducing the military threat. While this may be true, the potential for economic conflict is increasingly prevalent. An isolationist orientation can no longer be pursued in a world where politics and economics have become interrelated. The EC 92 project is an example of the power and influence which can be consolidated by an economic union in the international trade community. The U.S. has been lulled into a false sense of security as the economic leader of the free world. The economic balance of power is shifting, and the US has been slow to realize that it is losing ground. Concurrently, the European Community is rapidly gaining clout within the international community. This is a trend which US policymakers and businessmen cannot ignore. The economic future of Europe could feasibly include what is now the East bloc, further increasing the potential growth of this regional economic power. The US cannot afford to ignore this market. The private sector must continue to invest both directly and through partnerships and cooperative agreements in the European market to ensure continued access to what some feel will become a Fortress Europe. The public sector must share responsibility with the private sector by developing trade policies which continue to promote free trade and free market access throughout the world. Europe 1992 is a force which will change the international economic environment, and the US must remain attuned to this new economic order in the years to come. eg

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  • Economics and Cost Analysis

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