Iceland can consider its participation in the European Economic Area (EEA) as an associate membership of the European Union (EU). Under the EEA agreement, Iceland participates in the EU free movement of capital, persons, services and industrial goods, along with cooperation in social policy and related fields. However, Iceland does not participate in the EU Common Fisheries Policy (CFP), the EU Common Agricultural Policy (CAP), the European Economic and Monetary Union (EMU), or in the EU Customs Union.
This dissertation studies the effects of full EU membership on Iceland’s Political Economy. It gives an overview of the EU, EEA and the European Free Trade Association (EFTA), offering thorough analyses of the EMU, Agricultural Policy and Fisheries Policy. The dissertation also reviews the pros and cons of EU membership. A decision to join the EU is in the end a question of political choice and this dissertation is intended to make such a choice as informed as possible.
Magnus Bjarnason (1960 Reykjavik, Iceland) is a graduate of the Danish Military Academy in Copenhagen. He has a Master of Business Administration and a Master of International Politics from Université Libre de Bruxelles in Belgium. Before writing his PhD dissertation The Political Economy of Joining the European Union, he worked for the Danish Government, the Icelandic Ministry of Foreign Affairs, the North Atlantic Treaty Organisation and the United Nations. He has previously published a book and an article with political analysis of the Yugoslav civil war.