The economic integration of Europe in 1992 will be a pivotal point in world affairs. It will change the way people live, as well as the ways in which companies operate. This study offers readers an evaluation of the driving forces behind 1992: consumers, capitalism and international consortia. It predicts four major shifts resulting from Europe 1992 that will change the world power game including the decline of Japan, the revitalization of America and an explosion of innovation; and offers insights on various tariff, tax and currency issues.