Economies-of-scale

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The EU Single Market, a Driver for Economic and Trade Integration

The single market is the world’s largest developed market, in which Member States enjoy close economic relations. The market has helped to promote innovation and ramp up productivity and GDP, as well as bring convergence within the European Union. The single market has not led to increased relative specialisation of EU Member States. In the period from 1984 to 2019, their goods’ export structures... Lire la suite