"How to make a market: reflections on the attempt to create a single unitary market in the European Community"

Fligstein, Neil and Mara-Drita, Iona. (1993) "How to make a market: reflections on the attempt to create a single unitary market in the European Community". In: UNSPECIFIED, Washington, DC. (Unpublished)

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Abstract

[From the Introduction]. The European Community is in the midst of attempting to create a "Single Unitary Market" across western Europe (European Community, 1985; Moravcsik, 1991; Garrett, 1992). This project is fascinating for two reasons. First, some think we are witnessing one of the most important peaceful assaults upon national sovereignty in history. The construction of the single unitary market will require nation states to give up power to control their economic and geographic boundaries. Analyzing the negotiations towards a single unitary market - and taking particular notice of which aspects of the market are more difficult to change than others - gives us insights into the multiple dimensions of sovereignty. Second, it provides scholars interested in economic sociology, the sociology of markets, and political economy an opportunity to see if their theories can give them any leverage on what the causes and outcomes of this process are likely to be.

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