Introduction Flashcards
What is a federal union?
Where power (sovereignty) is shared between different levels of government
Main goal of Marshall plan?
Economic help to european contries and breaking down barriers of trade between European countries
When was the ECSC created? And who signed the deal? And why was it formed?
1951, after the Paris treaty.
Signed by Belgium, Luxembourg, Holland, France, Italy, West Germany.
Formed to help manage war industries coal and steel
When was the Rome treaty?
1957
Which to communities was created after the Rome treaty?
- European Atomic energy community (Euratom)
- European economic community (EEC)
What is a Customs Union
Having the same trade policy towards the rest of the world, and have free trade between member contries. The EU is a customs union.
What is a Common market
All contries within the EU, can trade freely with goods
What was the European economic community, and what did it focus on (EEC)
Commen market, Custom union, o Focused on the economic rather than political. Aspects of European integration
Main goal of European economic community?
Hoped these communities would lead to a European integration.
When did Denmark join the EU?
1973
What is Negative integration?
Reducing trade barriers and restrictions to promote free trade between countries.
What is Positive integration?
Creating common rules and standards to promote economic cooperation and harmonization between countries.
What is a Free Trade Area
Having the different trade policy towards the rest of the world, have free trade between member countries.
Difference between Free trade area and customs union?
In a customs union member countries, have same trade policy with the rest of the world, in a free trade area trade polices are different for each country.
Which countries formed - European free trade association and what year?
Austria, DK, Norway, Sweden, Switzerland, Portugal, UK and formed in 1960