What impact did the success of the EU have on other regions of the world?

(10.10.3)

Question

11-07-2024
Social Studies

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What impact did the success of the EU have on other regions of the world?

(10.10.3)

Sagot :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-11T14:04:36-04:00

Final answer:

The success of the EU impacted global economics by fostering cooperation among European countries and eliminating trade barriers to enhance output.

Explanation:

The success of the European Union (EU) had a significant impact on other regions of the world. It created a competitive marketplace and motivated nation-states within Europe to work together, shifting from competition to cooperation. This economic collaboration between EU countries eliminated trade barriers, standardized regulations, and facilitated the flow of goods, services, labor, and capital across borders, ultimately enhancing EU output and influencing global economics.

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