"European Community Options in the Pacific: The European Regional System, Euro-Pacific Interdependencies, Community Policy, Issues, Pacific Options, Prospects"

[From the Introduction]. The European Community's growth prospects are heavily predicated on gains from intrazonal trade by Community firms as advances are made toward full internal market integration. Those gains have to be achieved in generally unequal competition against American and Japanese enterprises producing in or exporting to the Community, with the advantages of larger resources, technological leads, and wider shares of outside markets. To the extent that European firms succeed in this competition they will be able to operate more efficiently in external trade, and may recover losses caused by US and Japanese expansion in foreign markets over the past decade and a half