European Union

Paper Summary:

This paper discusses how the European Union has served as a model for international, political and economic integration. The EU has been able to transform the European continent from a diverse, complicated and myriad conglomeration of independent nations, markets and currencies into a unified economic and trade entity which has demonstrated far more success than most experts predicted when it was first established. Due to the success of the EU government form or model, NAFTA has patterned itself in accordance with many EU structural and policy elements.

From the Paper:

"The European Union has served as a model for international political and economic integration, for the EU has been able to transform the European continent from a diverse, complicated, and myriad conglomeration of independent nations, markets, and currencies into a unified economic and trade entity which has demonstrated far more success than most experts predicted when it was first established. Because of the success of the EU's government form/model, NAFTA has patterned itself in accordance with many EU structural and policy elements. The European Union and its single currency system were years in the making. Beginning with the Treaty of Rome in 1957, which declared a common European market as a European objective, European states have pursued the common goal."

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