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 ?
BRUSSELS For the past four days of our interactions with some of the select European Union (EU) officials here at the capital city of Belgium, we have come to understand hopefully correctly how complicated it functions as a supranational institution, or transcending borders and boundaries of 28 member states.
A different supranational institution that has largely embraced a
Secondly, it is the first time that a supranational institution is issuing depository receipts on an African Stock Exchange.
It has 47 members (820 million citizens) and a true supranational institution that is the European Court of Human Rights (ECtHR).
Although this is true, the process of giving up sovereignty in favor of a supranational institution is, in itself, a complex political process.
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.
Even the European Union, a triumph of supranational institution building, has been hobbled by nationalist sentiments and stereotypes as it struggles to deal with an economic crisis, and nationalist pride increasingly permeates European culture, "from soccer tournaments to the Eurovision Song Contest.
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.
However, as no rated supranational institution has ever called for the support of member countries, such commitments have never been tested," Fitch noted.
On the one hand, it is a supranational institution to which member states have granted a measure of decision-making power (e.
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.
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.