Steel And the European Economic Community

Cover Steel And the European Economic Community
Steel And the European Economic Community
Bruce Mitchel Kogut
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" (Lindbeck, 1977) Though Lindbeck's observation was made in reference to EEC policy towards third-party countries, it applies equally well to the ECSC; few governments, until recently, have contemplated a radical reduction of the industry itself.
More troubling has been the refusal to allocate resources intra- 43 sectoriaily as well. Specialization is especially difficult to measure. The Netherlands, for example, entered the EC3C with a low level of production and, thus, high specialization. C
...urrently, the Netherlands does not produce hot-rolled sheet. It would be misleading to claim, then, evidence for product specialization without considering the historical record. Even so, there are very few cases where a product is not fabricated oy a national industry. Whether product specialization will occur in the future is more problematic, as some corporations are considering currently the narrowing of their product lines. (ECSC, 1975, 1978; personal interviews) Not only has product specialization been of low order, but trade interpenetration and specialization has been of dubious value.

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