 the attitude or policy of placing the interests of the entire world above those of individual nationsworldnations

 Since the end of the Cold War there has been a transition into a global economic community.

 After 50 years of conflict in the Cold War, it was apparent that individual countries would not be able to compete against global superpowers.

 European Union  African Union  North American Union  Central American Union  South American Union  Pacific Union  East Asian Union  South Asian Union  Russian Union  Middle Eastern Union

 An economic union is a type of trading bloc which is composed of a common market with a free movement of goods and production.

Does this mean I can get more shoes???

 Allows country’s economies to grow without regulation.  Builds upon common identities and backgrounds  Provides common defense

 Prior to the European Union the largest economy in Europe was Germany › 3 trillion dollars  Together, the EU has the largest economy in the world › 16.3 trillion dollars  (US = 14.6 trillion)

That’s a LOT of money!!! (remember to spade and neuter your pets)

 Some Economic Unions also provide military support and protection  Increased global influence

 Loss of national identity  Growth of global interconnectedness  Growth of international business  Growth of global economy  Too much interconnectedness

 Outsourcing of jobs to poor countries  Increased illegal trade  Enslavement and aggressive expansion  Increased flow of information