The European Single Market was established in 1993 to promote economic integration among EU countries, thereby creating a foundation for increased growth and jobs. The foundation of the European Single Market is built on four freedoms: free movement of goods, of persons, of services and of capital.
Today, extensive economic activity in all parts of Denmark is linked to membership of the European Single Market, and this activity has been increasing since its establishment. Trade in goods and services has increased, more investments are crossing the borders and more people are moving to other countries. The progress must be seen in the light of economic globalisation, which has generally led to increasing economic integration between countries, but the European Single Market has brought about gains that are beyond the ordinary gains of globalisation.
The socio-economic gains have come about as a result of the integration process Denmark and the other EU countries have been through. The legislation in Denmark and the other EU countries has been adapted to reduce barriers to trade, investment and labour mobility. As a result, the Danish economy today is structurally better off through greater market demand, productivity gains and an increased supply of labour. However, it should be emphasised that the analysis is linked to uncertainty because it is inherently difficult to assess how it would have been if Denmark had not become part of the European Single Market.
Højbjerre Brauer Schultz (2017): "Det indre markeds økonomiske betydning for Danmark"
Højbjerre Brauer Schultz (2017): "Metodenotat - Det indre markeds økonomiske betydning for Danmark"