The Location of Economic Activity In The EU: Monitoring European Integration No. 10

This Report analyses how the geographic pattern of production and employment in Europe will be affected by market integration, increased direct investment, more mobile financial capital and a sharper, global division of labour. The authors then trace the implications of such changes for local policy (local tax, expenditure and industrial policy) and finally discuss how the subsidiary principle should be implemented to ensure that local policies contribute to overall economic efficiency and other common goals.