Supranational Organization

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Supranational Organization

An organization that exists in multiple countries. While, theoretically, supranational could refer to multinational corporations, the term most often describes an international government or quasi-government organization. Examples include the United Nations and the International Monetary Fund. Supranational organizations often have a direct role in regulation. For example, an international treaty may set up certain standards for international trade. However, enforcement of these provisions is left to individual, sovereign governments.
References in periodicals archive ?
Frankly, it almost defies belief that IMF head Christine Lagarde last week should warn of the dangers that this supranational institution and umpteen other "thought-leaders" were instrumental in creating.
It is an independent supranational institution dedicated to the collection, analysis, and dissemination of official data on member states for the benefit of decision makers, researchers, and other users.
It is the result of the activity of an independent and supranational institution such as the European Parliament, where the parliament members are elected and organise their activity not on behalf of the national governments or parliaments but on the base of their agenda and the agenda of the European political groups they belong to.
On the one hand, it is a supranational institution to which member states have granted a measure of decision-making power (e.
The principle of subsidiarity (decisions are to be made at the lowest level possible and the highest level necessary to be effective) may limit its scope but, within the acknowledged areas of its authority, the supranational institution trumps national sovereignty.
A historical comparison might be drawn between the Trevi Council, a decentralized intergovernmental institution of the Treaty of Rome, and its latter day successor, the Office of Justice and Home Affairs, a centralized supranational institution of the European Union.
Fairlie considers the European Community not only to be an 'exclusive club' which would restrain 'trade and economic co-operation with the rest of the world,' but, more importantly, a supranational institution in which its essential aim is to create a closer political union, acting as an antithesis to the 'SNP's policy of the restoration of sovereignty to the Scottish people.
CABEI was established under a 'Constitutive Agreement' signed by founding members, which confers on the bank the status of a supranational institution and grants CABEI several immunities and privileges, including preferred creditor status.
If you have arrived at a view which says that the only solution is that banking is too important to be left to the bankers and needs to be under state control; well think again, the World Bank, itself a supranational institution, disagrees - as you'll read elsewhere in this issue.
The ICC is a permanent supranational institution designed to hold citizens accountable for their acts, allowing them to be prosecuted for crimes of genocide, war crimes, or crimes against humanity.
This agreement, which confers on it the status of a supranational institution, grants CAF several immunities and privileges.
The EU is a politico-economic union of 28 member states that are located primarily in Europe and operates through a system of supranational institutions and intergovernmental negotiated decisions by the member states.