What is the European Union?

Cite this article as: Jason Mance Gordon, "What is the European Union?," in The Business Professor, updated January 25, 2015, last accessed April 2, 2020, https://thebusinessprofessor.com/knowledge-base/what-is-the-european-union/.
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What is the European Union?
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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.

•    Discussion: 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?

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