Abstract
Editor’s note: The A. N. Verma Memorial Lectures are annual events organised by the India Development Foundation in memory of Mr A. N. Verma and his contributions to Indian economic policymaking; especially his role in pushing through the liberalisation reforms of the early 1990s. This year’s lecture was delivered by Mr Göran Persson, the ex-Prime Minister of Sweden. The topic of the lecture was especially appropriate for this journal as it talked about one of the biggest Western examples at market integration, the EU. As the readers will see, the lecture was also very prescient in terms of happenings in Europe.
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