European industrial policies drive massive increase in exports, reshaping global trade.
The Common Market in Europe has led to a big increase in trade between European countries. By removing barriers like tariffs and import quotas, countries have seen a major shift towards more competition. In 1969, exports between European countries made up 48% of total exports, up from 32% in 1958. This shows that the Common Market has made it easier for countries to trade with each other and has boosted exports to non-European countries as well.