question_answer

Explain any four factors that make the European Union an influential organisation.

Answer:

Four factors that make the European Union an influential organisation are:

(1) The European Union have tried to expand areas of cooperation while acquiring new members, especially from the erstwhile Soviet bloc.

(2) European union has economic, political, diplomatic and military influence.

(3) European Union is the world?s biggest economy with a GDP of more than US dollar $ 12 trillion in 2005, slightly larger than that of United States. Its currency Euro can pose a threat to the dominance of US dollar.

(4) Its economic power gives its influence over its closest neighbours as well as Asia and Africa.

(5) It also functions as an important bloc in international economic organisation such as WTO (World Trade Organisation).