Question

Explain the factors which made european union an important centre of power

Answer 1

Answer:

While the EU is a superpower in the sense that it is the largest political union, single market and aid donor in the world, it is not a superpower in the defense or foreign policy spheres.

Answer 2

Answer:

The European Union is an important center of power in various fields. Let us see in detail the factors which make the European Union an important center of power.

Explanation:

There are several factors which make the EU (European Union) a very important as well as powerful unit in the world. They are:

1. The European is very often referred to as an Economic Giant in the world, and it possess the major trade power. The EU or European Union literally accounts for 40% of world's global trade.
2. The EU has good relationships with larger parts of developing world because of many past member states in the EU consisting of United Kingdom, France, Spain, Belgium, etc.
3. Last, but not the least, EU consist of special Security and Defence policies, the area which is somehow underlooked upon. It's foreign policy is also something that can't be ignored.

These all factors proves that European Union holds enormous power and is an important center of power.