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Forty years after Lord Cockfield's White Paper, this article revisits the pivotal role of the completion of the Single Market in reviving the European project according to Delors vision. It also analyzes its developments, transformations, and limitations. From its origins in the aftermath of the 1970s crisis, through to the reshaping of European economic governance, the structural tension between competition and industrial policy is brought to the fore. Present challenge is twofold: to complete the Single Market in its still fragmented areas (taxation, services, finance) and to rethink it as a strategic lever for a new season of sustainable, coordinated and transition-oriented European industrial policies.
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