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Economic Union |
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Economic union An agreement between two or more countries that allows the free movement of capital, labor, and all goods and services, and involves the harmonization and unification of social, fiscal, and monetary policies. Economic Union A common market across more than one sovereign state with a united currency and the free exchange of capital and labor. This involves the transfer of a portion of sovereignty ? especially control over monetary policy ? to a central organization. Neo-Liberal economists, notably Ludwig von Mises and Friedrich von Hayek, consider an economic and monetary union the fifth stage of economic integration. The largest and most famous example of an economic union is the eurozone. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Everyone has heard about the European Union, the collection of countries in Europe that joined in economic union, but fewer know that this "economic union" has evolved over time into a full-fledged European government. Does your government agree or disagree with the position that the United Nations should have had an economic analysis and a political evaluation of the viability of the economic union which they were recommending for Palestine? Acts of skate aggression being what they aren't, The European Economic Union Commission has labeled skateboards as terrorist weapons. |
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