Supranational

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Supranational

Describing 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. It is important to note, however, that enforcement of these provisions is left to individual, sovereign governments.
References in periodicals archive ?
It is also reasonable to ask whether supervision, be it nationally or supranationally organized, can reduce systemic risk effectively.
Both the Schuman Plan and the finalized European Army proposal, known as the Pleven Plan, had supranational elements that would force Churchill to choose publicly between a supranationally unified Europe without Britain or an intergovernmentally integrated Europe with Britain but without effective economic and military unity.
Globalization means a trans- or supranationally coordinated decision-making system that feeds from a network of national organizations, both large and small.
The globalized financial system allows the money center banks to make end runs around governments and then leverage their influence to promote the same deregulated and privatized environment within nation-states that they have been able to create for themselves supranationally.