This 1990 book examines the theoretical issues of integration and the impact of diverse economic regions into the European Community.This important book from the Centre for Economic Policy Research examines the theoretical issues in the integration of a diverse economic region, specifically Greece, Spain and Portugal, and the combined impact of EC membership, financial integration and the single market programme on the joining countries.This important book from the Centre for Economic Policy Research examines the theoretical issues in the integration of a diverse economic region, specifically Greece, Spain and Portugal, and the combined impact of EC membership, financial integration and the single market programme on the joining countries.The enlargement that encompassed the accession of Greece in 1981 and of Spain and Portugal in 1986 significantly altered the balance of the European Community. This important new book from the Centre for Economic Policy Research examines theoretical issues in the integration of a diverse economic region and the combined impact of EC membership, financial integration and the single market program on the joining countries. The insights it gives into the integration of the Southern members, the full impact of which has yet to be felt, are of particular relevance in assessing the future relationship of Eastern European countries to the EC.List of figures; List of tables; Preface; List of conference participants; Foreword Michael Emerson and Richard Portes; 1. Introduction Christopher Bliss and Jorge Braga de Macedo; 2. Adjustment, compensation and factor mobility in integrated markets Christopher Bliss; 3. Integration and the competitiveness of peripheral industry Paul R. Krugman and Anthony J. Venables; 4. The market for cars in the enlarged European Community Alasdair Smith; 5. Financial market integration, macroeconomic policy and the EMS William H. Branson; 6. Macroeconomic adjustment and entry into the EC: a note Paul R. Krugman; l“'