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  • The EU
    • 500 mill citizens, 7.3% world population, 20% of global GDP
    • free movement of people, goods, services and capital
    • single market with each member following same laws
    • economic and political union; 27 counties
      • The IMF
        • aim to stabilise exchange rates, secure financial stability, reduce poverty, encourage employment and sustainability
        • 187 countries
        • promotes international monetary co-operation & stability
        • temporary help to countries in debt
        • encourages economic growth & gives financial advice
        • decisions made by rich countries; poor don't have as much choice
        • advice and conditions have caused some countries to suffer
      • The WTO
        • supervise and liberalise international trade
        • framework for negotiating trade agreements
        • promotes peace & disputes handled constructively
        • trade raises income & economic growth
        • rich countries benefit more
        • can be undemocratic
    • reduction of war probability, improved relations, common aims and foreign policy
    • own currency, members working together to gain economic stability
    • cost: UK pay £6.4bn
    • the Euro: eurozone crisis in 2008- many European countries in debt
    • net migration: overcrowding in Britain, Germany & France


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