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EU As A Supranational Organization Updated
EU As A Supranational Organization Updated
The EU has become the economic, political and diplomatic, and militarily most vital
influencer.
Economy
The EU is the world’s second-largest economy with a GDP of about $18.8 trillion in 2018
slightly lesser than that of the United States.its currency has appeared to be emerge stronger
than that to USD in the recent years Its economic power gives it influence over its closest
neighbors as well as in Asia and Africa. It also functions as an essential bloc in international
economic organizations such as the World Trade Organisation (WTO).
Militarily
The EU has (theoretically) over 1.5 million personnel, nearly 7,700 tanks, 2,450 aircraft
(including helicopters), and nearly 550 warships and submarines on-call.although it was
standing at second in the world till UK contributed by its military force but Brexit changed the
place for the EU It is also the world’s second most important source of space and communications
technology.