Question

What is the EU's greatest influence in the world?  

What is the EU's greatest influence in the world?  

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Answer #1

Answer:
EU's influence most of the economies, its greatest influence is in following areas:

  • The EU is the lasrgest trading block in the world, and it has the largest economy of the world.GDP per capita of EU is 25,000 Euros.
  • The EU is the worl largest trader of manufactored goods and services.
  • All the member nations of EU behave like a single unit with same currency and single Visa policy for all practical purposes behaves like a single Giant country. Because of which they are very strong both from defense perspective as well as from Economic perspective.
  • EU is also most open to developing countries and imports more from developing countries than US, China, Japan included if fuel is removed from the import.

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