NORDIC TRADE AND EUROPEAN INTEGRATION

The integrated nordic market has a long history, e.g. customs barriers were removed a long time ago. The Nordic countries has also tradition ally been well integrated with western Europe. Today there is a genera l trend toward trade liberalisation, both globally and locally. In thi s article the author discusses the nature of and the determinants of N ordic trade. He also presents a model to be used when estimating the e ffects from a European or from a global trade liberalisation on the tr ade pattern of the Nordic countries.