Internationalism and Supranational Organizations T7

Flashcards about Internationalism and Supranational Organizations, including the EU.

What is Internationalism?

The development of close political and economic relations among states.

What are Supranational Organizations?

Multiple (three or more) states that forge an association and form an administrative structure for mutual benefit and in pursuit of shared goals.

List 5 examples of Supranational Organizations.

UN, ASEAN, EU, NATO, NAFTA, UNASUR

What does IMF stand for and what is its purpose?

International Monetary Fund, works to stabilize the system and help countries facing balance of payment and debt crises.

When was the UN established and what is its aim?

Established in 1945, seeks to prevent conflict with global security norms and assistance for humanitarian crises.

When was the World Bank established and what is its aim?

Established in 1945, founded to help reconstruct postwar Europe, it now provides loans and policy advice to developing countries.

When was the WTO established and what is its aim?

Established in 1948 as GATT, sets rules for international trade and adjudicates trade disputes.

When was NATO established and what is its role?

Established in 1949, Bulwark of Western security alliance.

What was the purpose of the creation of Benelux in 1944?

For economic purposes

What plan stimulated rebuilding and cooperation following WWII?

The Marshall Plan

What are the different phases as common market of the EU?

European Coal and Steel Community (ECSC) in 1952; Treaty of Rome and the European Economic Community (EEC) in 1957; Treaty of Brussels or “Merger Treaty” in 1967; EEC renamed the European Community (EC)

When did the European Community become known as the European Union?

Since 1992 (Treaty of European Unity)

How many member states are in the EU?

27

How many countries are in the Euro Zone?

20 countries

When was the Euro first used as a single currency?

Jan. 1, 1999

List 3 problems of Supranationalism.

Compromised international autonomy, disparities in levels of economic development, Bureaucracy, Technical barriers, Cultural barriers, Deterritorialization