Orgs #3 - WEEK 7 ORGS#3 EU European Union The old world Europe Mac daddy of all trade blocks Challenging the concept of the nation state itself Why

Orgs #3 - WEEK 7 ORGS#3 EU European Union The old world...

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WEEK 7 ORGS #3 EU: European Union The old world – Europe Mac daddy of all trade blocks Challenging the concept of the nation state itself Why didn’t he start with this one first? o He had to wait till the end to get too it because it was so much more than a trade block now It is a trade block – this is how it started and is its undisputed strength 27 states in its membership GDP is 16 to 17 trillion dollars a year – biggest economy on planet earth IT is fast becoming the United States of Europe Why Europe? o War – the Europeans have not been working together for a very long and had been perpetuating conflict between each other WW1 or WW2 o No one wanted to attempt to live through a WW3 so they started thinking that working together could be beneficial o If they economically bind themselves together then it will cost both parties money to attack each other o 1951 – Europe was leveled and had to be rebuilt Countries got the ECSC (European Coal and Steel Community) together which was based kind of on trade They didn’t want to compete for the resources because they all needed them so they worked together Original 6 – (the real European core then and now) – France, Germany, Italy, Belgium, Netherlands, and Luxembourg The ECSC has evolved over time and also made the Atomic Energy Agency o 1957 they merged the ECSC with Atomic Energy Agency Now they wanted to talk about opening up borders for trade This is when they made the EEC (European Economic Community) It has continued to grow ever since then o 1993 changed name to EU They had the intent to create a common currency, common economic policy, political union (legislative body), common military procedures and maneuvers There has been major expansions along the way; why has it continued to grow? o More money man So why do the rich countries want to stay in then?
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o Because they all want to get richer too and a free trade block is the best vehicle to do that o Plus, if they go it alone, it still couldn’t compete with the US one on one o The EU is the single biggest economy on planet Earth and does compete with the other big boys like US, China, Japan o They have free movement of goods and services, virtually no tariffs, and free movement of labor/people (unique thing that they started) They phased out passports 4 more are trying to get in and then 4 other countries are trying to get on the list to try to get There is now integration at all levels of European society o They have an overarching singular constitution o Singular government and parliament or legislative body o Singular court system o Singular human rights o Bill of rights of Europe o Singular infrastructure o Singular monetary unit of the Euro o Has a seat at the United Nations, G20, the something else The EU is the model for the world?
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  • Fall '08
  • European Union, economic union, Free movement, trade block

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