Economic Cooperation Flashcards
0
Q
Global power trends #2
A
Leading superpower is not a single state but rather an economic union of states
Not USA or Russia but economic union of European states
1
Q
Global power today trends #1
A
State power are based on economics rather than military
China Germany Japan have joined superpowers based on economic strength
Russia lacks
2
Q
Comecon
A
Alliance to promote trade and sharing resources
3
Q
Changes due to the EU
A
Removed barriers to free trade
Banks can open to member countries
Trucks can cross borders without stopping
Euro common currency
Eliminated many differences in prices interest rates
Turns Europe inn to wealthiest market
