ERIC Number: ED317445
Record Type: Non-Journal
Publication Date: 1989-May
Reference Count: N/A
The Export Economy of Iceland: What 1992 May Do to the "Little Fish" of Europe.
Bachmann, Halldor; McNabb, David E.
Iceland is one of the six nations of Western Europe which are the last remnants of what was once the most powerful free trading association in the world: the European Free Trade Association (EFTA). EFTA was established in 1959 to foster free trade in industrial goods and to increase trade in agricultural and other products. In addition to the current six member nations (Austria, Finland, Iceland, Norway, Sweden, and Switzerland), the association at one time also included the United Kingdom, Portugal, and Denmark. When the United Kingdom left EFTA for membership in the European Community (EC), EFTA lost its largest partner and any real power in negotiating with its rival, the EC. Despite this, the EFTA nations have maintained favorable trade relations with the EC. However, in 1992, the EC will take a major step toward final political and economic integration, possibly freezing out the EFTA. This paper examines the export economy of Iceland to see what impact further EC integration may have on that economy. The document includes a 19-item bibliography. (Author/JB)
Publication Type: Information Analyses; Reports - Descriptive
Education Level: N/A
Authoring Institution: N/A
Identifiers - Location: Iceland