Introduction. The single market in Europe, an American appraisal (L.R. Klein). "l Market + I (tight) Money = 2 rules of fiscal discipline": Europe's fiscal stance deserves another look (J.H. Dreze). Measuring the welfare effects of European price convergence (A.P. Barten). Market reform in a heterogeneous world: a general equilibrium assessment of the Single Market program (J.-M. Burniaux, J. Waelbroeck). Completing the European internal market: a general equilibrium evaluation under alternative market structure assumptions (J. Mercenier). Adaptation of Asian countries to policy changes in Westem Europe (H. Hughes). Determinants of the anti-dumping and countervailing duty decisions of the European Communities (P.K.M. Tharakan, J. Waelbroeck). The logic of EC commercial and industrial policy revisited in 1992 (A, Jacquemin, A. Sapir). The Bush initiative, the MERCOSUL and Latin American integration: a view from parallel 22'53'43"S (R.G. Flores Jr.). Designing gradual transition to market economies (I. Adelman, P. Berck, D. Vujovic). Assessing the impact of environmental protection on industrial competitiveness in Europe (E. Waelbroeck-Rocha). Life-cycle consumption and liquidity constraints: an empirical analysis at the EC level (K. Sekkat, F. Thys-Cl6ment, D. Van Regemorter). Old and new conjectures on variables entering the household saving function (A. Borsu, H. Glejser).