Abstract
The impact of a single market, scheduled to come into being in 1992, on the members of the European Community (EC) is examined. Many economists and industrial leaders believe that the single market of more than 320 million consumers, allowing goods, services, people, and capital to move freely within its borders, could restore European leadership in vital industries such as electronics, in which Europe has been losing ground for approximately 10 years. Activities taking place in anticipation of 1992 include industrial reorganization and joint research efforts.

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