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Questions
What makes the European Union a highly influential regional organisation?
Why the European Union is considered a highly influential regional organisation in the economic, political and military fields?
Explain the factors that make European Union a highly influential regional organisation.
Solution
As a supernational organisation, the European Union bears economic, political diplomacy and military influence as a regional organisation in the following manner:
1. Economic Influence:
- The European Union is the world's largest trading bloc, accounting for a considerable portion of global trade.
- The Euro is one of the world's strongest currencies, challenging the supremacy of the US dollar.
- As a unified entity, the EU plays an important role in the World Trade Organization (WTO) by negotiating trade agreements on behalf of its member states.
- The European Union's single market provides for the free movement of goods, services, capital, and people, transforming it into an economic powerhouse.
2. Political and Diplomatic Influences:
- France, the EU's only member with a permanent seat on the UN Security Council (UNSC), ensures the EU's influence over global politics.
- EU countries frequently collaborate at the UN General Assembly and other international organizations to advance multilateralism, human rights, and environmental aims.
- The EU leads worldwide diplomatic engagements, such as its dialogue with China on human rights and climate change, and is an important player in the fight for peace.
3. Military Influence:
- The EU's Common Security and Defence Policy (CSDP) allows its members to conduct combined peacekeeping and military operations.
- France, the EU's nuclear power, has an arsenal of 550 nuclear warheads, which contribute to the EU's strategic might.
- The EU members have huge military capabilities, with their combined armies ranking among the largest in the world.
- The European Union is a global leader in space and communication technology, ranking second only to the United States.
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