European Union - Explained
What is the European Union?
Written by Jason Gordon
Updated at April 8th, 2023
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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.
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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?
Related Topics
- International Law (Intro)
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- 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
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- When is carrying on business in a foreign country prohibited by US law?
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- How are private international business agreements generally enforced?
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