Introduction: background to the review; difficulties in assessing the single market now. The effectiveness of single market measures: free movements of goods; freedom to provide services; free movement of capital; free movement of persons; creation of a single business environment. Readers for obstacles to free movement: non-adoption of single market measures; inadequacies of the single market legislation; ineffective implementation or enforcement; regulatory barriers; business behaviour; remaining cultural differences; gaps in the harmonization programme; additional supporting measures. The economic impact of the SMP: impact on trade, cross-border investment and specialization; impact on market structure, competition and efficiency; income, employment and convergence. The single market and other policies: the single market and social policy; enterprise policy; environment policy; single market and consumers; implications for third countries - the external dimension. Appendix: the structure for research.