36 terms

EU (Key Terms)

Wood, Ethel. "Chapter Three: Supranationalism and the European Union." AP Comparative Government and Politics: An Essential Course Book. 6th ed. Germantown, NY: WoodYard Publications, 2013. 162-182. Print.

Terms in this set (...)

The Commission
a group of people entrusted by a government or other official body with authority to do something
Common Market
a group of countries that acts as a single market without trade barriers between member countries
The Council of Ministers
most important decision-making body in the EU; represents the member-states through each member's representatives, which can range from the head of state to specialized ministers
Crisis Management
a coordinated effort to handle all the effects of unfavorable publicity or of another unexpected unfavorable event
Democratic Deficit
the lack of democratic procedures in the EU
European Commission
EC; the executive body of the EU responsible for proposing legislation, implementing decisions, upholding the EU's treaties and day-to-day running of the EU; operates as a cabinet government with 28 members
Economic Liberalism
the ideological belief in organizing the economy on individualist lines not by collective institutions or organizations
Economic Structural Adjustment
part of members of the EU's debts would be forgiven; controversial because stronger countries would be paying for the welfare of weaker ones
European Economic Community
EEC; an international organization of European countries formed after WWII to reduce trade barriers and increase cooperation among its members
Enlargement Fatigue
brought on by the rapid growth of the EU; a decline in support for enlargement among EU voters
European Central Bank
the central bank of those members of the European Union who share a common currency
European Constitution
an EU document not yet ratified; incorporates a charter of fundamental rights and merges the judicial, economic, and defense aspects of the EU, establishes the European Council, and raises the number of seats in Parliament
European Council
ultimate decision-making body of the EU; passes legislation from the commission into law and is comprised of one representative from each member state's government
European Court of Justice
the highest court in the EU in matters of EU law
European Parliament
the directly elected parliamentary institution of the EU
European Monetary Union
an umbrella term for the group of policies aimed at converging the economies of all member states of the EU
European Union
EU; an economic and political union of 28 member states that are located primarily in Europe; operates through a system of supranational independent institutions and intergovernmental negotiated decisions by the member states
Farm Subsidies
an agricultural subsidy (govnerment subsidy) that pays to farmers and agribusinesses to supplement their income, manage the supply of agricultural commodities, and influence the cost and supply of such commodities
Free Movement
involved setting policy regarding visas, asylum, and immigration
allows separate systems to communicate directly with each other, eliminating the need for manual entry into multiple systems
Lisbon Treaty
2007 - reformed 2009; gives power to the European Court of Justice, creates a high representative to promote the EU's foreign policy, and redistributes voting weight based on population and size of country
Maastricht Treaty
1992; set strict financial criteria for joining the proposed monetary union, with it single currency
Member of the European Parliament; have a say over EU budget
Mixed Economy
an economic system combining private and state enterprise
Monetary Policy
the process where the monetary authority of a country controls the supply of money; the official goals usually include relatively stable prices and low unemployment
Requirements for EU Membership
1) a stable and functioning democratic regime 2) a market-oriented economy 3) willingness to accept all EU laws and regulations.
organize differently
Security Council
five permanent members with veto power in the UN (US, UK, FR, China, USSR); promised to carry out UN decisions with their own forces
Social Market Economy
major industries are owned by state entities, and compete with each other within a pricing system set by the market
Sovereign Debt Crisis
financial crisis due to excessive growth of public budget's deficit which led to incapacity for payment of current liabilities and obtaining new loans from private banks or international institutions
Supranational Organization
an organization involving three or more nation-states involving formal political, economic, and/or cultural cooperation to promote shared objectives
"Three Pillars"
the main areas in which the EU has worked since the Maastricht Treaty; 1) the traditional involvement in trade and other economic matters 2) cooperation in justice and home affairs 3) the desire to create a Common Foreign and Security Policy
Treaty of Amsterdam
1997; addressed issues left by the Maastricht Treaty and identified priority measures necessary to bring a single market in Europe into effect, to lay a solid foundation for both a single currency, and an enlargement of the EU into central and eastern Europe
United Nations
1945 at the signing of the United Nations Charter by 50 countries - replaced League of Nations (1919); an international organization whose aims are to facilitate co-operation in international law, international security, economic development, social progress and human rights issues
World Bank
a specialized agency of the UN that makes loans to countries for economic development, trade promotion, and debt consolidation; formal name is the International Bank for Reconstruction and Development.
World Trade Organization
WTO; global trade association that promotes free trade among 149 member nations; followed General Agreement on Tariffs and Trade (1947)