Globalization or Europeanization

Evidence on the European Economy Since 1980

Neil Fligstein

CCOP Working Paper #2000-04
January, 2000

At the core of the European Union, has been the gradual creation of the "single market" across western Europe. The European Union began as the European Coal and Steel Community (ECSC) and expanded to become the European Economic Community (EEC). The original intent of the ECSC was to stabilize the production of steel across Europe in order to prevent ruinous competition. The EEC formed to expand the activities of the alliance to cooperation in agricultural policies and various industrial policies. The Treaty of Rome which produced the EEC, had the goal of reducing tariffs and other trade barriers, thereby promoting free trade and economic growth. Both Schumann and Monet, the principal intellectual architects of the EEC felt that if the European societies had economies that were more integrated, governments would be less tempted to engage in military activities that would end up in war.