Unit 4 - European Union - Trade Blocs Flashcards

1
Q

Where are the headquarters of the European Union?

A
  • headquarters in Brussels, Belgium
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2
Q

What is the European Union?

A
  • political and economic union
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3
Q

How many member states are there of the European Union?

A
  • 28 member states
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4
Q

How do you become a member state of the European Union?

A
  • applicant countries must meet the conditions for membership and implement EU rules and regulations in all areas
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5
Q

What was the original aim of the European Union?

A
  • original aim to end frequent wars between neighbouring countries → like World War 2
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6
Q

What does the European Union stand for?

A
  • human dignity
  • rule of law
  • freedom
  • human rights
  • democracy
  • equality
  • sustainable economic growth
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7
Q

What are the benefits of the European Union?

A
  • the European single market
    tax free trading members - no tariffs
  • a common currency - trade is simple
  • opens up more opportunities - movement is free and open - more job and education opportunities
  • helped to develop and modernise countries
    common laws - promote everyone to be treated fairly wherever they go
  • less conflict between nations
  • liberalisation - consumers can choose the supplier offering the best conditions
  • Schengen area
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8
Q

What are the criticisms of the European Union?

A
  • communication barriers - less feeling of unity
  • loss of sovereignty prevents any one country from becoming powerful (world leaders)
  • leaving the EU is difficult
  • made to advance the EU as whole, not individual countries
  • pay fees
  • can aid the movement of dangerous people
  • a debt crisis of one country can take the economy of others down
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