GMS 724 Study Guide - Midterm Guide: European Free Trade Association, Trade Bloc, European Central Bank

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 724
• Professor: HOWARD LIN

Document Summary

The european union: the largest and most comprehensive regional economic group is the eu. Predecessors: because of the economic and human destruction left by world war ii, european political leaders realized that greater cooperation among their countries would help speed up recoveries, many organizations were formed, including the european economic. Community (eec), which eventually emerged as the organization that would bring together the countries of europe into the most powerful trading bloc in the world: several other countries, including the united kingdom, formed the. European free trade association (efta) with the limited goal of eliminating tariffs: but most of those countries eventually became part of the eu, and those that have decided not to leave efta (iceland, norway, liechtenstein, and. Switzerland) are linked together with the eu as a customs union. Organizational substitute: the eu encompasses many governing bodies, among which are the european. Commission, council of the european union, european parliament, european.