Explain the circumstances responsible for the liberation of Bangladesh in 1971 and how was democracy brought in this country
Answers
The European Union has gradually evolved from an economic unison into a political and military unison. The EU laid foundation and put in consistent efforts for cooperation on Justice and domestic affairs, evolution of a common foreign and defence policy and establishment of a single currency. EU has a considerable political, military, economic and diplomatic influence. Its currency ‘Euro’ can pose a serious threat to the hegemony of US Dollar. EU’s share of world trade is three times bigger than that of the USA and gives it an opportunity to be more assertive in its trade disputes with China and the USA.
The economic power of EU also gives it power to influence the biggest economic organisations of the world like the World Trade Organisation (WTO). The EU plays an influential role in diplomacy and negotiations except the military force. Its combined armed forces are almost the second largest in the world. It also holds a very important position in UN Security Council thus giving it a lot of hold on various sectors including peace keeping, defence and security.