Three years from now, on January 1, 1993, Western
Europe will be "born
again." The 12-state Euro-
pean Community (EC) will
turn into the Single Inte- grated Market (SIM). This new creation will unite some 320 million people with a com- bined gross domestic product of about five trillion dollars and will stretch from Cork to Calabria, from the Atlantic to the Ae- gean. As a trading bloc, it will surpass all others in the world. Even today, the (exter- nal) exports of the EC dwarf...