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5 Cards in this Set

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1)economic/political union formed in 1993 after ratification of Maastricht Treaty by the European Community (forms its core)
2)treaty expanded scope of European Community to pursue broader goals: a)foreign and security policy, and b) provided for a central European bank and the adoption of a common currency by the end of the 20th century
European Union (EU)
1)Administers trade rules between its 144 members.
2)respects rights of govts to pursue broader goals: sustainable development, the protection of human, animal or plant health, and the provision of public services
World Trade Organization (WTO)
* international organization composed of most of the countries of the world
*founded in 1945 to promote peace, security, and economic development
United Nations (UN)
* international organization created in 1949 by the North Atlantic Treaty for collective security
North Atlantic Treaty Organization (NATO)
* organization of countries formed in 1961 to agree on a common policy for the sale of petroleum
Organization of Petroleum Exporting Countries (OPEC)