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Power and Borders

Trading blocs, supranational institutions and pooled sovereignty

  • 3 things to know
  • Component 02

Overview

Recall questions on supranational institutions and pooled sovereignty, trading blocs, free trade areas and customs unions, the European single market, Schengen and the euro, the 2016 Brexit referendum, ASEAN, Mercosur and ECOWAS, the World Trade Organization, loan conditions, and whether pooling sovereignty increases a state's power.

What you need to know

Answer each one before you reveal it.

Your recallNot started
Key term

How does the World Trade Organization constrain what a member government may do?

Key term

What is a regional trading bloc, and what does it often adopt towards non-members?

Key term

Explain the difference between a free trade area and a customs union.

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    Define a supranational institution.

    Model answer

    A supranational institution is an organisation whose member states agree to be bound by decisions taken collectively, so that its authority stands above that of any single member government.

  2. 2

    What is meant by pooled sovereignty?

    Model answer

    Pooled sovereignty is an arrangement in which states voluntarily give up some decision-making power to a shared institution in return for a say over decisions that affect them all.

  3. 3

    What is a regional trading bloc?

    Model answer

    A regional trading bloc is a group of neighbouring states that agree to reduce or remove trade barriers between themselves, and often to adopt common rules towards non-members.

  4. 4

    Explain the difference between a free trade area and a customs union.

    Model answer

    A free trade area removes tariffs between members but lets each set its own tariffs on outside countries, while a customs union also applies a single common external tariff.

  5. 5

    Name the four freedoms of the European single market.

    Model answer

    Free movement of goods, services, capital and people.

  6. 6

    How does membership of a single market limit a state's sovereignty?

    Model answer

    Members must apply common rules on product standards, competition and state aid, accept the jurisdiction of a shared court, and give up the right to set their own tariffs on imports from outside the bloc.

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AThe lower quartile is the 2nd value, 11 cm.
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