European Union - Explained
What is the European Union?
Written by Jason Gordon
Updated at September 26th, 2021
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What is the European Union (EU)?
The EU is a group of 27 European countries banded together to promote economic and social prosperity among the nations. Most notably, the EU has a pseudo-governmental body made up of representatives of member countries. The EU provides a standardized legal system governing trade and commerce among the nations that allow for the movement persons, goods, capital and the provision of services across borders. Perhaps most notably, most countries use a single currency known as the EURO.
Next Article: What are the International Courts and Their FunctionsBack to: INTERNATIONAL BUSINESS, LAW, & RELATIONS
Related Topics
- United Nations
- United Nations Commission on International Trade law
- United Nations Conference on Trade Development
- North Atlantic Treaty Organization
- International Monetary Fund
- Other Economic Development Organizations
- World Bank
- World Trade Organization
- European Union
- What international courts exist and what are their functions?
Discussion Question
How do you feel about the genesis and continued purpose of the above-listed international organizations? Do you think recognizing this mix of authoritative bodies is an effective method of administering international law?
