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International organizations
community; work together toward a common goal without giving up total sovereignty (not logally binding to follow org policies)
Supranational organizations
“above all states”; give up soverignty (legally binding to follow); countries are members and the org is the “big brother” monitoring all of them
Eg international orgs
IMF, World Bank, UN
Eg supranational
ECOWAS, EU, WTO
IMF
achieve sustainable economic growth, secure economic prosperity, increase global trade
short term stimulate econ relief (e.g. France)
World Bank
1) IBRD (Int’l Bank for Reconstruction Dev") - provide products/policy advice to dec. poverty and inc. sustainable growth
2) IDA (Int’l Development Assoc.) - provides grants/loans to low-income countries
WTO (World Trade Org)
use trade to inc. living standards, better jobs, sustainable growth/dev
Difference between IMF and World Bank
IMF - immediate econ stimulation
World Bank - active efforts to REFORM econ after it’s on it’s feet
Schuman Declaration
1951 - 6 orig countries cooperate on coal/steel
Treaty of Rome
1957 - est. common market and framework for future integration of member states’ full econs
“baby EU”
Denmark, UK, Ireland join
1979
Treaty of Maastricht
expand beyond econ to est. European citizenship, cooperation in foreign policy and justice, and est common econ policy
“adolescent EU”
Euro currency launched
2002
France and Denmark reject EU Constitution
2005
Treaty of Lisbon
simplified decision making, gave more power to some EU instutitions, CONTROVERSIAL
seen as “backdoor constitution” after Fr+Den rejection
Brexit and referendum
2016-2020
European Council
“Super Executive”
group of 27 head of states from ea. country
sets EU agenda (basic outline)
European Commission
“head of gov’t” - runs day to day operations
propose/enact EU Council’s agenda, enact laws/policies/budgeting
Council of the Union (ministers)
Legislative
main decision-making legislative body
amend, approve, veto
uniminity for impt stuff
simply majority for most
handles foreign policy/relations
rotating gov’t ministers based on topic (e.g. agri minister, econ minister, etc.)
Parliament
Legislative
720 members, proportionally directly elected (% of population to reps)
MEPs = Members of EU Parliament
oversees everything
Court of Justice of the EU
Judiicial
Ensure EU laws are interpreted and implemented in every country
Settles EU beef IN THE EU
Ordinary Legislative Procedure (co-decision)
most common
EU Commission propose law, Parli and Council rev and agree/disagree
Special Legislative Procedure: Consultation
Council proposes law
consult with Parli (decision is non binding)
asking is required
Special Legislative Procedure: Consent
Council adopts law
MUST get consent from Parli (who can’t amend law)
Qualified Majority
55% of countries must agree and those countries must cover 65% of EU population
OPEC (Org of the Petroleum Exporting Countries)
Iran and Nigeria
Ctrl oil prices
USMCA (US/Mex/Canada) / NAFTA (North Amer Free Trade Agreement)
get rid of tariffs and make free trade zone
G7 (Group of 7)
Canada, France, Germany, Italy, Japan, UK, US
informal group of leading economies
Broadening enlargement
more countries added to EU
Democratic deficit
feeling disconnected from Decisions made (usually bc ppl didn’t directly vote for the person)