Supranational
An international organization, or union, whereby member states transcend national boundaries
or interests to share in the decision-making and vote on issues pertaining to the wider grouping. Investopedia Says:
The European Union and the World Trade Organization are both supranationals. In the EU, each member votes on policy that will affect each member nation. The benefits of this construct for the EU are the synergies derived from social and economic policies along with a stronger presence on the international stage. Related Terms:
Central Bank
EUR
European Central Bank - ECB
European Monetary System - EMS
Synergy |