Question

Analyse any four factors that make the European Union an influential regional organisation of the world.

Answer 1

The European Union has grown into a very important regional organization for many reasons.

1. Influence of EU in economic fields:
   1. The European Union is the second-largest economy in the globe.
   2. The Euro, its currency, may also threaten the US dollar's dominance.
   3. It exerts influence over its closest neighbors, as well as in Asia and Africa, due to its economic power.
   4. Its proportion of global trade is significantly greater than that of the United States.
2. Influence of EU in military fields:
   1. The United Nations Security Council is comprised of two permanent members: Britain and France.
   2. It also comprises numerous non-permanent members of the UNSC.
   3. Some US policies, including the current US stance on Iran's nuclear program, have been influenced by the EU.
3. Influence of EU in military fields:
   1. The European Union's combined armed forces are the second largest in the globe.
   2. After the United States, it constitutes the second-largest defense expenditure among its populace.
   3. Britain and France, two of its members, also hold nuclear arsenals containing about 550 nuclear warheads.