1.
German language
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German is a West Germanic language that is mainly spoken in Central Europe. It is the most widely spoken and official language in Germany, Austria, Switzerland, South Tyrol, the German-speaking Community of Belgium and it is also one of the three official languages of Luxembourg. Major languages which are most similar to German include other members of the West Germanic language branch, such as Afrikaans, Dutch, English, Luxembourgish and it is the second most widely spoken Germanic language, after English. One of the languages of the world, German is the first language of about 95 million people worldwide. The German speaking countries are ranked fifth in terms of publication of new books. German derives most of its vocabulary from the Germanic branch of the Indo-European language family, a portion of German words are derived from Latin and Greek, and fewer are borrowed from French and English. With slightly different standardized variants, German is a pluricentric language, like English, German is also notable for its broad spectrum of dialects, with many unique varieties existing in Europe and also other parts of the world. The history of the German language begins with the High German consonant shift during the migration period, when Martin Luther translated the Bible, he based his translation primarily on the standard bureaucratic language used in Saxony, also known as Meißner Deutsch. Copies of Luthers Bible featured a long list of glosses for each region that translated words which were unknown in the region into the regional dialect. Roman Catholics initially rejected Luthers translation, and tried to create their own Catholic standard of the German language – the difference in relation to Protestant German was minimal. It was not until the middle of the 18th century that a widely accepted standard was created, until about 1800, standard German was mainly a written language, in urban northern Germany, the local Low German dialects were spoken. Standard German, which was different, was often learned as a foreign language with uncertain pronunciation. Northern German pronunciation was considered the standard in prescriptive pronunciation guides though, however, German was the language of commerce and government in the Habsburg Empire, which encompassed a large area of Central and Eastern Europe. Until the mid-19th century, it was essentially the language of townspeople throughout most of the Empire and its use indicated that the speaker was a merchant or someone from an urban area, regardless of nationality. Some cities, such as Prague and Budapest, were gradually Germanized in the years after their incorporation into the Habsburg domain, others, such as Pozsony, were originally settled during the Habsburg period, and were primarily German at that time. Prague, Budapest and Bratislava as well as cities like Zagreb, the most comprehensive guide to the vocabulary of the German language is found within the Deutsches Wörterbuch. This dictionary was created by the Brothers Grimm and is composed of 16 parts which were issued between 1852 and 1860, in 1872, grammatical and orthographic rules first appeared in the Duden Handbook. In 1901, the 2nd Orthographical Conference ended with a standardization of the German language in its written form
2.
French language
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French is a Romance language of the Indo-European family. It descended from the Vulgar Latin of the Roman Empire, as did all Romance languages, French has evolved from Gallo-Romance, the spoken Latin in Gaul, and more specifically in Northern Gaul. Its closest relatives are the other langues doïl—languages historically spoken in northern France and in southern Belgium, French was also influenced by native Celtic languages of Northern Roman Gaul like Gallia Belgica and by the Frankish language of the post-Roman Frankish invaders. Today, owing to Frances past overseas expansion, there are numerous French-based creole languages, a French-speaking person or nation may be referred to as Francophone in both English and French. French is a language in 29 countries, most of which are members of la francophonie. As of 2015, 40% of the population is in Europe, 35% in sub-Saharan Africa, 15% in North Africa and the Middle East, 8% in the Americas. French is the fourth-most widely spoken mother tongue in the European Union, 1/5 of Europeans who do not have French as a mother tongue speak French as a second language. As a result of French and Belgian colonialism from the 17th and 18th century onward, French was introduced to new territories in the Americas, Africa, most second-language speakers reside in Francophone Africa, in particular Gabon, Algeria, Mauritius, Senegal and Ivory Coast. In 2015, French was estimated to have 77 to 110 million native speakers, approximately 274 million people are able to speak the language. The Organisation internationale de la Francophonie estimates 700 million by 2050, in 2011, Bloomberg Businessweek ranked French the third most useful language for business, after English and Standard Mandarin Chinese. Under the Constitution of France, French has been the language of the Republic since 1992. France mandates the use of French in official government publications, public education except in specific cases, French is one of the four official languages of Switzerland and is spoken in the western part of Switzerland called Romandie, of which Geneva is the largest city. French is the language of about 23% of the Swiss population. French is also a language of Luxembourg, Monaco, and Aosta Valley, while French dialects remain spoken by minorities on the Channel Islands. A plurality of the worlds French-speaking population lives in Africa and this number does not include the people living in non-Francophone African countries who have learned French as a foreign language. Due to the rise of French in Africa, the total French-speaking population worldwide is expected to reach 700 million people in 2050, French is the fastest growing language on the continent. French is mostly a language in Africa, but it has become a first language in some urban areas, such as the region of Abidjan, Ivory Coast and in Libreville. There is not a single African French, but multiple forms that diverged through contact with various indigenous African languages, sub-Saharan Africa is the region where the French language is most likely to expand, because of the expansion of education and rapid population growth
3.
Icelandic language
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Icelandic /aɪsˈlændɪk/ is a North Germanic language, the language of Iceland. It is an Indo-European language belonging to the North Germanic or Nordic branch of the Germanic languages, historically, it was the westernmost of the Indo-European languages prior to the colonisation of the Americas. Icelandic, Faroese, Norn, and Western Norwegian formerly constituted West Nordic, Danish, Eastern Norwegian, modern Norwegian Bokmål is influenced by both groups, leading the Nordic languages to be divided into mainland Scandinavian languages and Insular Nordic. Most Western European languages have reduced levels of inflection, particularly noun declension. In contrast, Icelandic retains a four-case synthetic grammar comparable to, Icelandic is distinguished by a wide assortment of irregular declensions. Icelandic also has many instances of oblique cases without any governing word, for example, many of the various Latin ablatives have a corresponding Icelandic dative. The vast majority of Icelandic speakers—about 320, 000—live in Iceland, more than 8,000 Icelandic speakers live in Denmark, of whom approximately 3,000 are students. The language is spoken by some 5,000 people in the United States. Notably in the province of Manitoba, while 97% of the population of Iceland consider Icelandic their mother tongue, the language is in decline in some communities outside Iceland, particularly in Canada. Icelandic speakers outside Iceland represent recent emigration in almost all cases except Gimli, Manitoba, the state-funded Árni Magnússon Institute for Icelandic Studies serves as a centre for preserving the medieval Icelandic manuscripts and studying the language and its literature. Since 1995, on 16 November each year, the birthday of 19th-century poet Jónas Hallgrímsson is celebrated as Icelandic Language Day, the oldest preserved texts in Icelandic were written around 1100 AD. Much of the texts are based on poetry and laws traditionally preserved orally, the most famous of the texts, which were written in Iceland from the 12th century onward, are the Icelandic Sagas. They comprise the historical works and the eddaic poems, the language of the sagas is Old Icelandic, a western dialect of Old Norse. Danish rule of Iceland from 1380 to 1918 had little effect on the evolution of Icelandic, though more archaic than the other living Germanic languages, Icelandic changed markedly in pronunciation from the 12th to the 16th century, especially in vowels. The modern Icelandic alphabet has developed from an established in the 19th century. The later Rasmus Rask standard was a re-creation of the old treatise, with changes to fit concurrent Germanic conventions. Various archaic features, as the letter ð, had not been used much in later centuries, rasks standard constituted a major change in practice. Later 20th-century changes include the use of é instead of je, apart from the addition of new vocabulary, written Icelandic has not changed substantially since the 11th century, when the first texts were written on vellum
4.
Italian language
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By most measures, Italian, together with Sardinian, is the closest to Latin of the Romance languages. Italian is a language in Italy, Switzerland, San Marino, Vatican City. Italian is spoken by minorities in places such as France, Montenegro, Bosnia & Herzegovina, Crimea and Tunisia and by large expatriate communities in the Americas. Many speakers are native bilinguals of both standardized Italian and other regional languages, Italian is the fourth most studied language in the world. Italian is a major European language, being one of the languages of the Organisation for Security and Cooperation in Europe. It is the third most widely spoken first language in the European Union with 65 million native speakers, including Italian speakers in non-EU European countries and on other continents, the total number of speakers is around 85 million. Italian is the working language of the Holy See, serving as the lingua franca in the Roman Catholic hierarchy as well as the official language of the Sovereign Military Order of Malta. Italian is known as the language of music because of its use in musical terminology and its influence is also widespread in the arts and in the luxury goods market. Italian has been reported as the fourth or fifth most frequently taught foreign language in the world, Italian was adopted by the state after the Unification of Italy, having previously been a literary language based on Tuscan as spoken mostly by the upper class of Florentine society. Its development was influenced by other Italian languages and to some minor extent. Its vowels are the second-closest to Latin after Sardinian, unlike most other Romance languages, Italian retains Latins contrast between short and long consonants. As in most Romance languages, stress is distinctive, however, Italian as a language used in Italy and some surrounding regions has a longer history. What would come to be thought of as Italian was first formalized in the early 14th century through the works of Tuscan writer Dante Alighieri, written in his native Florentine. Dante is still credited with standardizing the Italian language, and thus the dialect of Florence became the basis for what would become the language of Italy. Italian was also one of the recognised languages in the Austro-Hungarian Empire. Italy has always had a dialect for each city, because the cities. Those dialects now have considerable variety, as Tuscan-derived Italian came to be used throughout Italy, features of local speech were naturally adopted, producing various versions of Regional Italian. Even in the case of Northern Italian languages, however, scholars are not to overstate the effects of outsiders on the natural indigenous developments of the languages
5.
Norwegian language
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Norwegian is a North Germanic language spoken mainly in Norway, where it is the official language. Along with Swedish and Danish, Norwegian forms a continuum of more or less mutually intelligible local and regional variants. These Scandinavian languages, together with Faroese and Icelandic as well as extinct languages. Faroese and Icelandic are hardly mutually intelligible with Norwegian in their spoken form because continental Scandinavian has diverged from them, as established by law and governmental policy, the two official forms of written Norwegian are Bokmål and Nynorsk. The official Norwegian Language Council is responsible for regulating the two forms, and recommends the terms Norwegian Bokmål and Norwegian Nynorsk in English. Two other written forms without official status also exist, one and it is regulated by the unofficial Norwegian Academy, which translates the name as Standard Norwegian. Nynorsk and Bokmål provide standards for how to write Norwegian, no standard of spoken Norwegian is officially sanctioned, and most Norwegians speak their own dialects in all circumstances. Thus, unlike in other countries, the use of any Norwegian dialect. Outside Eastern Norway, this variation is not used. From the 16th to the 19th centuries, Danish was the written language of Norway. As a result, the development of modern written Norwegian has been subject to strong controversy related to nationalism, rural versus urban discourse, historically, Bokmål is a Norwegianised variety of Danish, while Nynorsk is a language form based on Norwegian dialects and puristic opposition to Danish. The unofficial form known as Riksmål is considered more conservative than Bokmål, Norwegians are educated in both Bokmål and Nynorsk. A2005 poll indicates that 86. 3% use primarily Bokmål as their written language,5. 5% use both Bokmål and Nynorsk, and 7. 5% use primarily Nynorsk. Thus, 13% are frequently writing Nynorsk, though the majority speak dialects that resemble Nynorsk more closely than Bokmål. Broadly speaking, Nynorsk writing is widespread in western Norway, though not in major urban areas, examples are Setesdal, the western part of Telemark county and several municipalities in Hallingdal, Valdres, and Gudbrandsdalen. It is little used elsewhere, but 30–40 years ago, it also had strongholds in rural parts of Trøndelag. Today, not only is Nynorsk the official language of four of the 19 Norwegian counties, NRK, the Norwegian broadcasting corporation, broadcasts in both Bokmål and Nynorsk, and all governmental agencies are required to support both written languages. Bokmål is used in 92% of all publications, and Nynorsk in 8%
6.
Romansh language
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Romansh has also been recognized as a national language of Switzerland since 1938 and as an official language along with German, French and Italian since 1996. It is sometimes grouped with Ladin and Friulian as a Rhaeto-Romance language, Romansh has also been heavily influenced by German in vocabulary and morphosyntax. The language gradually retreated to its current area over the centuries, being replaced by Alemannic, the earliest writing identified as Romansh dates from the 10th or 11th century, although major works do not appear until the 16th century when several regional written varieties began to develop. The 19th century saw a shrinkage of the language area but also a literary revival. In the 2000 Swiss census,35,095 people indicated Romansh as the language of best command, in 2010, Switzerland switched to a yearly system which uses a combination of municipal citizen records and a limited number of surveys. Based on this system, the number of people aged 15. The language area and number of speakers of Romansh have been continually shrinking, Romansh is divided into five different regional dialects, each with its own standardized written language. In addition, a variety called Rumantsch Grischun was introduced in 1982. Romansh is a Romance language descending from Vulgar Latin, the language of the Roman Empire. Within the Romance languages, Romansh stands out because of its peripheral location, another distinguishing feature is the centuries-long language contact with German, which is most noticeable in the vocabulary and to a lesser extent the syntax of Romansh. Romansh belongs to the Gallo-Romance branch of the Romance languages, which includes such as French, Occitan. The main feature placing Romansh within the Gallo-Romance languages is the fronting of Latin /u/ to or, as seen in Latin muru wall, which is mür or mir in Romansh. This sound change is partially absent in some varieties of Romansh, however, especially in Sursilvan, retention of word-final -s as in buns chavals good horses as opposed to Italian buoni cavalli. Retention of L following /p b k ɡ f/, Latin clavem key > clav as opposed to Italian chiave, another defining feature of the Romansh language is the use of unstressed vowels. Whether or not Romansh, Friulan and Ladin should compose a separate Rhaeto-Romance subgroup within Gallo-Romance is an unresolved issue, some linguists posit that these languages are descended from a common language, which was then fractured geographically through the spread of German and Italian. This position goes back to the Italian linguist Graziadio Ascoli, who first made the claim in 1873, linguists who take this position often point out that the similarities between the languages are comparatively few. This position was first introduced by the Italian dialectologist Carlo Battisti and this linguistic dispute became politically relevant for the Italian irredentist movement. Italian nationalists interpreted Battistis hypothesis as implying that Romansh, Friulan and Ladin were not separate languages and they used this as an argument to claim the territories where these languages were spoken for Italy
7.
Europe
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Europe is a continent that comprises the westernmost part of Eurasia. Europe is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, yet the non-oceanic borders of Europe—a concept dating back to classical antiquity—are arbitrary. Europe covers about 10,180,000 square kilometres, or 2% of the Earths surface, politically, Europe is divided into about fifty sovereign states of which the Russian Federation is the largest and most populous, spanning 39% of the continent and comprising 15% of its population. Europe had a population of about 740 million as of 2015. Further from the sea, seasonal differences are more noticeable than close to the coast, Europe, in particular ancient Greece, was the birthplace of Western civilization. The fall of the Western Roman Empire, during the period, marked the end of ancient history. Renaissance humanism, exploration, art, and science led to the modern era, from the Age of Discovery onwards, Europe played a predominant role in global affairs. Between the 16th and 20th centuries, European powers controlled at times the Americas, most of Africa, Oceania. The Industrial Revolution, which began in Great Britain at the end of the 18th century, gave rise to economic, cultural, and social change in Western Europe. During the Cold War, Europe was divided along the Iron Curtain between NATO in the west and the Warsaw Pact in the east, until the revolutions of 1989 and fall of the Berlin Wall. In 1955, the Council of Europe was formed following a speech by Sir Winston Churchill and it includes all states except for Belarus, Kazakhstan and Vatican City. Further European integration by some states led to the formation of the European Union, the EU originated in Western Europe but has been expanding eastward since the fall of the Soviet Union in 1991. The European Anthem is Ode to Joy and states celebrate peace, in classical Greek mythology, Europa is the name of either a Phoenician princess or of a queen of Crete. The name contains the elements εὐρύς, wide, broad and ὤψ eye, broad has been an epithet of Earth herself in the reconstructed Proto-Indo-European religion and the poetry devoted to it. For the second part also the divine attributes of grey-eyed Athena or ox-eyed Hera. The same naming motive according to cartographic convention appears in Greek Ανατολή, Martin Litchfield West stated that phonologically, the match between Europas name and any form of the Semitic word is very poor. Next to these there is also a Proto-Indo-European root *h1regʷos, meaning darkness. Most major world languages use words derived from Eurṓpē or Europa to refer to the continent, in some Turkic languages the originally Persian name Frangistan is used casually in referring to much of Europe, besides official names such as Avrupa or Evropa
8.
Geneva
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Geneva is the second most populous city in Switzerland and is the most populous city of Romandy, the French-speaking part of Switzerland. Situated where the Rhône exits Lake Geneva, it is the capital of the Republic, the municipality has a population of 198,072, and the canton has 484,736 residents. In 2014, the compact agglomération du Grand Genève had 946,000 inhabitants in 212 communities in both Switzerland and France, within Swiss territory, the commuter area named Métropole lémanique contains a population of 1.25 million. This area is essentially spread east from Geneva towards the Riviera area and north-east towards Yverdon-les-Bains, Geneva is the city that hosts the highest number of international organizations in the world. It is also the place where the Geneva Conventions were signed, Geneva was ranked as the worlds ninth most important financial centre for competitiveness by the Global Financial Centres Index, ahead of Frankfurt, and third in Europe behind London and Zürich. A2009 survey by Mercer found that Geneva has the third-highest quality of life of any city in the world, the city has been referred to as the worlds most compact metropolis and the Peace Capital. In 2009 and 2011, Geneva was ranked as, respectively, the city was mentioned in Latin texts, by Caesar, with the spelling Genava, probably from a Celtic toponym *genawa- from the stem *genu-, in the sense of a bending river or estuary. The medieval county of Geneva in Middle Latin was known as pagus major Genevensis or Comitatus Genevensis, the name takes various forms in modern languages, Geneva /dʒᵻˈniːvə/ in English, French, Genève, German, Genf, Italian, Ginevra, and Romansh, Genevra. The city in origin shares its name, *genawa estuary, with the Italian port city of Genoa, Geneva was an Allobrogian border town, fortified against the Helvetii tribe, when the Romans took it in 121 BC. It became Christian under the Late Roman Empire, and acquired its first bishop in the 5th century, having been connected to the bishopric of Vienne in the 4th. In the Middle Ages, Geneva was ruled by a count under the Holy Roman Empire until the late 14th century, around this time the House of Savoy came to dominate the city. In the 15th century, a republican government emerged with the creation of the Grand Council. In 1541, with Protestantism in the ascendancy, John Calvin, by the 18th century, however, Geneva had come under the influence of Catholic France, which cultivated the city as its own. France also tended to be at odds with the ordinary townsfolk, in 1798, revolutionary France under the Directory annexed Geneva. At the end of the Napoleonic Wars, on 1 June 1814, in 1907, the separation of Church and State was adopted. Geneva flourished in the 19th and 20th centuries, becoming the seat of international organizations. Geneva is located at 46°12 North, 6°09 East, at the end of Lake Geneva. It is surrounded by two chains, the Alps and the Jura
9.
Oslo
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Oslo is the capital and the most populous city in Norway. It constitutes both a county and a municipality, founded in the year 1040, and established as a kaupstad or trading place in 1048 by Harald Hardrada, the city was elevated to a bishopric in 1070 and a capital under Haakon V of Norway around 1300. Personal unions with Denmark from 1397 to 1523 and again from 1536 to 1814, after being destroyed by a fire in 1624, the city was moved closer to Akershus Fortress during the reign of Christian IV of Denmark and renamed Christiania in his honour. It was established as a municipality on 1 January 1838, following a spelling reform, it was known as Kristiania from 1877 to 1925, at which time its original Norwegian name was restored. Oslo is the economic and governmental centre of Norway, the city is also a hub of Norwegian trade, banking, industry and shipping. It is an important centre for industries and maritime trade in Europe. The city is home to companies within the maritime sector, some of which are among the worlds largest shipping companies, shipbrokers. Oslo is a city of the Council of Europe and the European Commission intercultural cities programme. Oslo is considered a city and ranked Beta World City in studies carried out by the Globalization and World Cities Study Group. It was ranked one in terms of quality of life among European large cities in the European Cities of the Future 2012 report by fDi magazine. A survey conducted by ECA International in 2011 placed Oslo as the second most expensive city in the world for living expenses after Tokyo. In 2013 Oslo tied with the Australian city of Melbourne as the fourth most expensive city in the world, as of January 1,2016, the municipality of Oslo has a population of 658,390, while the population of the citys urban area was 942,084. The metropolitan area had an population of 1.71 million. The population was during the early 2000 increasing at record rates and this growth stems for the most part from international immigration and related high birth rates, but also from intra-national migration. The immigrant population in the city is growing faster than the Norwegian population. As of January 1,2016, the municipality of Oslo has a population of 658,390, the urban area extends beyond the boundaries of the municipality into the surrounding county of Akershus, the total population of this agglomeration is 942,084. To the north and east, wide forested hills rise above the city giving the location the shape of a giant amphitheatre. The urban municipality of Oslo and county of Oslo are two parts of the entity, making Oslo the only city in Norway where two administrative levels are integrated
10.
Regional organization
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However, their membership is characterized by boundaries and demarcations characteristic to a defined and unique geography, such as continents, or geopolitics, such as economic blocs. They have been established to foster cooperation and political and economic integration or dialogue among states or entities within a geographical or geopolitical boundary. They both reflect common patterns of development and history that have been fostered since the end of World War II as well as the fragmentation inherent in globalization, most ROs tend to work alongside well-established multilateral organizations such as the United Nations. Rodrigo Tavares, Regional Security, The Capacity of International Organizations
11.
Free trade area
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A free-trade area is the region encompassing a trade bloc whose member countries have signed a free-trade agreement. Such agreements involve cooperation between at least two countries to trade barriers – import quotas and tariffs – and to increase trade of goods. If people are free to move between the countries, in addition to a free-trade agreement, it would also be considered an open border. It can be considered the second stage of economic integration, only goods that meet these minimum requirements are entitled to the special treatment envisioned by the free trade area provisions. Cumulation is the relationship between different FTAs regarding the rules of origin – sometimes different FTAs supplement each other, in other cases there is no cross-cumulation between the FTAs, a free-trade area is a result of a free-trade agreement between two or more countries. Within an industrialized country there are few if any significant barriers to the easy exchange of goods. Between countries, on the hand, many of these barriers to the easy exchange of goods often do occur. It is commonplace for there to be duties of one kind or another. The aim of an area is to reduce barriers to exchange so that trade can grow as a result of specialisation, division of labour. The theory of comparative advantage argues that in an unrestricted marketplace each source of production will tend to specialize in that activity where it has comparative advantage. The theory argues that the net result will be an increase in income and ultimately wealth, in principle, the overall gains from trade could be used to compensate for the effects of reduced trade barriers by appropriate inter-party transfers. This is just one example of a qualification for a free-trade agreement, if a certificate of origin is present from a supplier demonstrating that the good originated in a country under the associated free trade agreement, no further calculations are needed. A functional solution should also perform the calculations for the associated FTA during the Bill of Material analysis. Aggressive legalism Free trade zone International trade Free trade debate bilaterals, singapore official FTA site EFTA official site Australias FTAs About. coms Pros & Cons of U. S. The largest multi-product Free trade area in India
12.
Iceland
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Iceland is a Nordic island country in the North Atlantic Ocean. It has a population of 332,529 and an area of 103,000 km2, the capital and largest city is Reykjavík. Reykjavík and the areas in the southwest of the country are home to over two-thirds of the population. Iceland is volcanically and geologically active, the interior consists of a plateau characterised by sand and lava fields, mountains and glaciers, while many glacial rivers flow to the sea through the lowlands. Iceland is warmed by the Gulf Stream and has a climate, despite a high latitude just outside the Arctic Circle. Its high latitude and marine influence still keeps summers chilly, with most of the archipelago having a tundra climate. According to the ancient manuscript Landnámabók, the settlement of Iceland began in the year 874 AD when the Norwegian chieftain Ingólfr Arnarson became the first permanent settler on the island. In the following centuries, Norwegians, and to a lesser extent other Scandinavians, emigrated to Iceland, the island was governed as an independent commonwealth under the Althing, one of the worlds oldest functioning legislative assemblies. Following a period of strife, Iceland acceded to Norwegian rule in the 13th century. The establishment of the Kalmar Union in 1397 united the kingdoms of Norway, Denmark, Iceland thus followed Norways integration to that Union and came under Danish rule after Swedens secession from that union in 1523. In the wake of the French revolution and the Napoleonic wars, Icelands struggle for independence took form and culminated in independence in 1918, until the 20th century, Iceland relied largely on subsistence fishing and agriculture, and was among the poorest in Europe. Industrialisation of the fisheries and Marshall Plan aid following World War II brought prosperity, in 1994, it became a part of the European Economic Area, which further diversified the economy into sectors such as finance, biotechnology, and manufacturing. Iceland has an economy with relatively low taxes compared to other OECD countries. It maintains a Nordic social welfare system that provides health care. Iceland ranks high in economic, political and social stability and equality, in 2013, it was ranked as the 13th most-developed country in the world by the United Nations Human Development Index. Iceland runs almost completely on renewable energy, some bankers were jailed, and the economy has made a significant recovery, in large part due to a surge in tourism. Icelandic culture is founded upon the nations Scandinavian heritage, most Icelanders are descendants of Germanic and Gaelic settlers. Icelandic, a North Germanic language, is descended from Old Norse and is related to Faroese
13.
Liechtenstein
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Liechtenstein, officially the Principality of Liechtenstein, is a doubly landlocked German-speaking microstate in Central Europe. It is a monarchy with the rank of principality, headed by the Prince of Liechtenstein. Liechtenstein is bordered by Switzerland to the west and south and Austria to the east and it has an area of just over 160 square kilometres and an estimated population of 37,000. Divided into 11 municipalities, its capital is Vaduz and its largest municipality is Schaan, the unemployment rate is one of the lowest in the world at 1. 5%. Liechtenstein has been known in the past as a tax haven, however. An alpine country, Liechtenstein is mainly mountainous, making it a winter sport destination, many cultivated fields and small farms are found both in the south and north. The country has a financial sector centered in Vaduz. Liechtenstein is a member of the European Free Trade Association, and while not being a member of the European Union and it also has a customs union and a monetary union with Switzerland. The oldest traces of human existence in Liechtenstein date back to the Middle Paleolithic era, neolithic farming settlements were founded in the valleys around 5300 BC. Hallstatt and La Tène cultures flourished during the late Iron Age from around 450 BC possibly under influence from the Greek. One of the most important tribal groups in the Alpine region were the Helvetii, in 58 BC, at the Battle of Bibracte, Julius Caesar defeated the Alpine tribes, bringing the region under closer control of the Roman Empire. By 15 BC, Tiberius, who was destined to be the second Roman emperor, Liechtenstein was integrated into the Roman province of Raetia. The area was maintained by the Roman military, which maintained a large legionary camp called Brigantium near Lake Constance, a Roman road ran through the territory. In 259/60 Brigantium was destroyed by the Alemanni, a Germanic people who settled in the area in around 450. In the Early Middle Ages, the Alemanni had settled the eastern Swiss plateau by the 5th century, Liechtenstein was at the eastern edge of Alemannia. In the 6th century, the region became part of the Frankish Empire following Clovis Is victory over the Alemanni at Tolbiac in 504. The area that later became Liechtenstein remained under Frankish hegemony until the empire was divided by the Treaty of Verdun in 843 AD following the death of Charlemagne. The territory of present-day Liechtenstein belonged to East Francia until it was reunified with Middle Francia under the Holy Roman Empire around 1000 AD
14.
Norway
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The Antarctic Peter I Island and the sub-Antarctic Bouvet Island are dependent territories and thus not considered part of the Kingdom. Norway also lays claim to a section of Antarctica known as Queen Maud Land, until 1814, the kingdom included the Faroe Islands, Greenland, and Iceland. It also included Isle of Man until 1266, Shetland and Orkney until 1468, Norway has a total area of 385,252 square kilometres and a population of 5,258,317. The country shares a long border with Sweden. Norway is bordered by Finland and Russia to the north-east, Norway has an extensive coastline, facing the North Atlantic Ocean and the Barents Sea. King Harald V of the Dano-German House of Glücksburg is the current King of Norway, erna Solberg became Prime Minister in 2013, replacing Jens Stoltenberg. A constitutional monarchy, Norway divides state power between the Parliament, the Cabinet and the Supreme Court, as determined by the 1814 Constitution, the kingdom is established as a merger of several petty kingdoms. By the traditional count from the year 872, the kingdom has existed continuously for 1,144 years, Norway has both administrative and political subdivisions on two levels, counties and municipalities. The Sámi people have an amount of self-determination and influence over traditional territories through the Sámi Parliament. Norway maintains close ties with the European Union and the United States, the country maintains a combination of market economy and a Nordic welfare model with universal health care and a comprehensive social security system. Norway has extensive reserves of petroleum, natural gas, minerals, lumber, seafood, the petroleum industry accounts for around a quarter of the countrys gross domestic product. On a per-capita basis, Norway is the worlds largest producer of oil, the country has the fourth-highest per capita income in the world on the World Bank and IMF lists. On the CIAs GDP per capita list which includes territories and some regions, from 2001 to 2006, and then again from 2009 to 2017, Norway had the highest Human Development Index ranking in the world. It also has the highest inequality-adjusted ranking, Norway ranks first on the World Happiness Report, the OECD Better Life Index, the Index of Public Integrity and the Democracy Index. Norway has two names, Noreg in Nynorsk and Norge in Bokmål. The name Norway comes from the Old English word Norðrveg mentioned in 880, meaning way or way leading to the north. In contrasting with suðrvegar southern way for Germany, and austrvegr eastern way for the Baltic, the Anglo-Saxon of Britain also referred to the kingdom of Norway in 880 as Norðmanna land. This was the area of Harald Fairhair, the first king of Norway, and because of him
15.
Switzerland
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Switzerland, officially the Swiss Confederation, is a federal republic in Europe. It consists of 26 cantons, and the city of Bern is the seat of the federal authorities. The country is situated in western-Central Europe, and is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland is a country geographically divided between the Alps, the Swiss Plateau and the Jura, spanning an area of 41,285 km2. The establishment of the Old Swiss Confederacy dates to the medieval period, resulting from a series of military successes against Austria. Swiss independence from the Holy Roman Empire was formally recognized in the Peace of Westphalia in 1648. The country has a history of armed neutrality going back to the Reformation, it has not been in a state of war internationally since 1815, nevertheless, it pursues an active foreign policy and is frequently involved in peace-building processes around the world. In addition to being the birthplace of the Red Cross, Switzerland is home to international organisations. On the European level, it is a member of the European Free Trade Association. However, it participates in the Schengen Area and the European Single Market through bilateral treaties, spanning the intersection of Germanic and Romance Europe, Switzerland comprises four main linguistic and cultural regions, German, French, Italian and Romansh. Due to its diversity, Switzerland is known by a variety of native names, Schweiz, Suisse, Svizzera. On coins and stamps, Latin is used instead of the four living languages, Switzerland is one of the most developed countries in the world, with the highest nominal wealth per adult and the eighth-highest per capita gross domestic product according to the IMF. Zürich and Geneva have each been ranked among the top cities in the world in terms of quality of life, with the former ranked second globally, according to Mercer. The English name Switzerland is a compound containing Switzer, a term for the Swiss. The English adjective Swiss is a loan from French Suisse, also in use since the 16th century. The name Switzer is from the Alemannic Schwiizer, in origin an inhabitant of Schwyz and its associated territory, the Swiss began to adopt the name for themselves after the Swabian War of 1499, used alongside the term for Confederates, Eidgenossen, used since the 14th century. The data code for Switzerland, CH, is derived from Latin Confoederatio Helvetica. The toponym Schwyz itself was first attested in 972, as Old High German Suittes, ultimately related to swedan ‘to burn’
16.
Gross domestic product
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Gross Domestic Product is a monetary measure of the market value of all final goods and services produced in a period. Nominal GDP estimates are used to determine the economic performance of a whole country or region. The OECD defines GDP as a measure of production equal to the sum of the gross values added of all resident and institutional units engaged in production. ”An IMF publication states that GDP measures the monetary value of final goods and services - that is. Total GDP can also be broken down into the contribution of industry or sector of the economy. The ratio of GDP to the population of the region is the per capita GDP. William Petty came up with a concept of GDP to defend landlords against unfair taxation during warfare between the Dutch and the English between 1652 and 1674. Charles Davenant developed the method further in 1695, the modern concept of GDP was first developed by Simon Kuznets for a US Congress report in 1934. In this report, Kuznets warned against its use as a measure of welfare, after the Bretton Woods conference in 1944, GDP became the main tool for measuring a countrys economy. The switch from GNP to GDP in the US was in 1991, the history of the concept of GDP should be distinguished from the history of changes in ways of estimating it. The value added by firms is relatively easy to calculate from their accounts, but the value added by the sector, by financial industries. GDP can be determined in three ways, all of which should, in principle, give the same result and they are the production approach, the income approach, or the expenditure approach. The most direct of the three is the approach, which sums the outputs of every class of enterprise to arrive at the total. The income approach works on the principle that the incomes of the factors must be equal to the value of their product. This approach mirrors the OECD definition given above, deduct intermediate consumption from gross value to obtain the gross value added. Gross value added = gross value of output – value of intermediate consumption, value of output = value of the total sales of goods and services plus value of changes in the inventories. The sum of the value added in the various economic activities is known as GDP at factor cost. GDP at factor cost plus indirect taxes less subsidies on products = GDP at producer price, for measuring output of domestic product, economic activities are classified into various sectors. Subtracting each sectors intermediate consumption from gross output gives the GDP at factor cost, adding indirect tax minus subsidies in GDP at factor cost gives the GDP at producer prices
17.
Purchasing power parity
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Observed deviations of the exchange rate from purchasing power parity are measured by deviations of the real exchange rate from its PPP value of 1. PPP exchange rates help to minimize misleading international comparisons that can arise with the use of exchange rates. For example, suppose that two countries produce the same amounts of goods as each other in each of two different years. But if one countrys GDP is converted into the countrys currency using PPP exchange rates instead of observed market exchange rates. The idea originated with the School of Salamanca in the 16th century, the best-known purchasing power adjustment is the Geary–Khamis dollar. The real exchange rate is equal to the nominal exchange rate. If purchasing power parity held exactly, then the exchange rate would always equal one. However, in practice the exchange rates exhibit both short run and long run deviations from this value, for example due to reasons illuminated in the Balassa–Samuelson theorem. There can be marked differences between purchasing power adjusted incomes and those converted via market exchange rates. This discrepancy has large implications, for instance, when converted via the exchange rates GDP per capita in India is about US$1,965 while on a PPP basis it is about US$7,197. At the other extreme, Denmarks nominal GDP per capita is around US$62,100, the purchasing power parity exchange rate serves two main functions. PPP exchange rates can be useful for making comparisons between countries because they stay fairly constant from day to day or week to week and only change modestly, if at all, from year to year. The PPP exchange-rate calculation is controversial because of the difficulties of finding comparable baskets of goods to compare purchasing power across countries, people in different countries typically consume different baskets of goods. It is necessary to compare the cost of baskets of goods and this is a difficult task because purchasing patterns and even the goods available to purchase differ across countries. Thus, it is necessary to make adjustments for differences in the quality of goods, furthermore, the basket of goods representative of one economy will vary from that of another, Americans eat more bread, Chinese more rice. Hence a PPP calculated using the US consumption as a base will differ from that calculated using China as a base, additional statistical difficulties arise with multilateral comparisons when more than two countries are to be compared. Various ways of averaging bilateral PPPs can provide a stable multilateral comparison. These are all issues of indexing, as with other price indices there is no way to reduce complexity to a single number that is equally satisfying for all purposes
18.
International Monetary Fund
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The International Monetary Fund is an international organization headquartered in Washington, D. C. It now plays a role in the management of balance of payments difficulties. Countries contribute funds to a pool through a system from which countries experiencing balance of payments problems can borrow money. As of 2016, the fund had SDR477 billion, the rationale for this is that private international capital markets function imperfectly and many countries have limited access to financial markets. The IMF provides alternate sources of financing and this assistance was meant to prevent the spread of international economic crises. The IMF was also intended to help mend the pieces of the economy after the Great Depression. As well, to provide investments for economic growth and projects such as infrastructure. The IMFs role was altered by the floating exchange rates post-1971. It shifted to examining the economic policies of countries with IMF loan agreements to determine if a shortage of capital was due to economic fluctuations or economic policy, the IMF also researched what types of government policy would ensure economic recovery. Rather than maintaining a position of oversight of only exchange rates and their role became a lot more active because the IMF now manages economic policy rather than just exchange rates. In addition, the IMF negotiates conditions on lending and loans under their policy of conditionality, nonconcessional loans, which include interest rates, are provided mainly through Stand-By Arrangements, the Flexible Credit Line, the Precautionary and Liquidity Line, and the Extended Fund Facility. The IMF provides emergency assistance via the Rapid Financing Instrument to members facing urgent balance-of-payments needs, the IMF is mandated to oversee the international monetary and financial system and monitor the economic and financial policies of its member countries. This activity is known as surveillance and facilitates international cooperation, the responsibilities changed from those of guardian to those of overseer of members’ policies. In 1995 the International Monetary Fund began work on data dissemination standards with the view of guiding IMF member countries to disseminate their economic and financial data to the public. The executive board approved the SDDS and GDDS in 1996 and 1997 respectively, the system is aimed primarily at statisticians and aims to improve many aspects of statistical systems in a country. It is also part of the World Bank Millennium Development Goals, some countries initially used the GDDS, but later upgraded to SDDS. The IMF does require collateral from countries for loans but also requires the government seeking assistance to correct its macroeconomic imbalances in the form of policy reform, if the conditions are not met, the funds are withheld. The concept of conditionality was introduced in a 1952 Executive Board decision, conditionality is associated with economic theory as well as an enforcement mechanism for repayment
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ISO 4217
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The ISO4217 code list is used in banking and business globally. ISO4217 codes are used on tickets and international train tickets to remove any ambiguity about the price. The first two letters of the code are the two letters of the ISO 3166-1 alpha-2 country codes and the third is usually the initial of the currency itself, so Japans currency code is JPY—JP for Japan and Y for yen. This eliminates the problem caused by the dollar, franc, peso and pound being used in dozens of different countries. Also, if a currency is revalued, the currency codes last letter is changed to distinguish it from the old currency. Other changes can be seen, however, the Russian ruble, for example, changed from RUR to RUB and these currency units are denominated as one troy ounce of the specified metal as opposed to USD1 or EUR1. The code XTS is reserved for use in testing, the code XXX is used to denote a transaction involving no currency. There are also codes specifying certain monetary instruments used in international finance, the codes for most supranational currencies, such as the East Caribbean dollar, the CFP franc, the CFA franc BEAC and the CFA franc BCEAO. The predecessor to the euro, the European Currency Unit, had the code XEU, the use of an initial letter X for these purposes is facilitated by the ISO3166 rule that no official country code beginning with X will ever be assigned. Because of this rule ISO4217 can use X codes without risk of clashing with a country code. ISO3166 country codes beginning with X are used for private custom use, consequently, ISO4217 can use X codes for non-country-specific currencies without risk of clashing with future country codes. The inclusion of EU in the ISO 3166-1 reserved codes list, the ISO4217 standard includes a crude mechanism for expressing the relationship between a major currency unit and its corresponding minor currency unit. This mechanism is called the exponent and assumes a base of 10. For example, USD is equal to 100 of its currency unit the cent. So the USD has exponent 2, the code JPY is given the exponent 0, because its minor unit, the sen, although nominally valued at 1/100 of a yen, is of such negligible value that it is no longer used. Usually, as with the USD, the currency unit has a value that is 1/100 of the major unit, but in some cases 1/1000 is used. Mauritania does not use a decimal division of units, setting 1 ouguiya equal to 5 khoums, some currencies do not have any minor currency unit at all and these are given an exponent of 0, as with currencies whose minor units are unused due to negligible value. There is also a code number assigned to each currency
20.
Norwegian krone
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The krone, plural kroner, is the currency of Norway and its dependent territories. It is subdivided into 100 øre, which exist only electronically since 2012, the name translates into English as crown. The krone was the thirteenth most traded currency in the world by value in April 2010, the krone was introduced in 1875, replacing the Norwegian speciedaler/spesidaler at a rate of 4 kroner =1 speciedaler. In doing so, Norway joined the Scandinavian Monetary Union, which had established in 1873. After its dissolution, Denmark, Norway, and Sweden all decided to keep the names of their respective, within the Scandinavian Monetary Union, the krone was on a gold standard of 2,480 kroner =1 kilogram of pure gold. This gold standard was restored between 1916 and 1920 and again in 1928 and it was suspended permanently in 1931, when a peg to the British pound of 19.9 kroner =1 pound was established. In 1939, Norway pegged the krone temporarily to the U. S. dollar at a rate of 4.4 kroner =1 dollar, nonetheless, Norway would continue to hold the Kingdoms gold reserves. During the German occupation in the Second World War, the krone was initially pegged to the Reichsmark at a rate of 1 krone =0.6 Reichsmark, after the war, a rate of 20 kroner =1 pound was established. The rate to the pound was maintained in 1949, when the pound devalued relative to the U. S. dollar, in 1875, coins were introduced in denominations of 10 and 50 øre and 1 and 10 kroner. These coins also bore the denomination in the currency, as 3,15. Between 1875 and 1878, the new coinage was introduced in full, in denominations of 1,2,5,10,25, and 50 øre and 1,2, and 10 kroner. The 1,2, and 5 øre were struck in bronze, the 10,25, and 50 øre and 1 and 2 kroner, in silver, the last gold coins were issued in 1910, silver was replaced by cupro-nickel from 1920. Between 1917 and 1921, iron replaced bronze. 1917 also saw the last issuance of 2 kroner coins, during the German occupation in the Second World War, zinc was used in place of cupro-nickel in 10,25, and 50 øre coins, and production of the 1 krone piece was suspended. In 1963,5 kroner coins were introduced, production of 1 and 2 øre coins ceased in 1972. The following year, the size of the 5 øre coin was reduced, production of the denomination ceased in 1982, ten-kroner coins were introduced in 1983. In 1992, the last 10 øre coins were minted, between 1994 and 1998, a new coinage was introduced, consisting of 50 øre,1,5,10, and 20 kroner. These are the coins which are currently legal tender, with the exception of the 50-øre coin which was withdrawn on 1 May 2012
21.
Swiss franc
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The franc is the currency and legal tender of Switzerland and Liechtenstein, it is also legal tender in the Italian exclave Campione dItalia. The Swiss National Bank issues banknotes and the federal mint Swissmint issues coins, the smaller denomination, a hundredth of a franc, is a Rappen in German, centime in French, centesimo in Italian, and rap in Romansh. The ISO code of the used by banks and financial institutions is CHF, although Fr. is used by most businesses and advertisers. Given the different languages used in Switzerland, Latin is used for inscriptions on the coins. In 1798, the Helvetic Republic introduced a currency based on the Berne thaler, the Swiss franc was equal to 6 3⁄4 grams of pure silver or 1 1⁄2 French francs. This franc was issued until the end of the Helvetic Republic in 1803, in order to solve this problem, the new Swiss Federal Constitution of 1848 specified that the federal government would be the only entity allowed to make money in Switzerland. This was followed two years later by the first Federal Coinage Act, passed by the Federal Assembly on 7 May 1850, the franc was introduced at par with the French franc. It replaced the different currencies of the Swiss cantons, some of which had been using a franc which was worth 1 1⁄2 French francs. In 1865, France, Belgium, Italy, and Switzerland formed the Latin Monetary Union, the currency was devalued by 30% following the devaluations of the British pound, U. S. dollar and French franc. In 1945, Switzerland joined the Bretton Woods system and pegged the franc to the U. S. dollar at a rate of $1 =4.30521 francs and this was changed to $1 =4.375 francs in 1949. The Swiss franc has historically considered a safe-haven currency with virtually zero inflation. However, this link to gold, which dates from the 1920s, was terminated on 1 May 2000 following a referendum. By March 2005, following a gold selling program, the Swiss National Bank held 1,290 tonnes of gold in reserves which equated to 20% of its assets. In November 2014, the referendum on the Swiss Gold Initiative which proposed a restoration of 20% gold backing for the Swiss franc was voted down, in March 2011 the franc climbed past the US$1.10 mark. In June 2011 the franc climbed past US$1.20 as investors sought safety amidst the continuation of the Greek sovereign-debt crisis, demand for francs and franc-denominated assets was so strong that nominal short-term Swiss interest rates became negative. In response to the announcement the franc fell against the euro, to 1.22 francs from 1.12 francs, the intervention stunned currency traders since the franc had long been regarded as a safe haven. The franc fell 8. 8% against the euro,9. 5% against the dollar and it was the largest plunge of the franc ever against the euro. The SNB had previously set an exchange rate target in 1978 against the Deutsche mark and maintained it, although at the cost of high inflation
22.
Western European Time
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Western European Time is a time zone covering parts of western and northwestern Europe. WEST is called British Summer Time in the UK and is known as Irish Standard Time in Ireland. Conversely, Iceland and eastern Greenland are included although both are west of 7. 5°W, in September 2013, a Spanish parliamentary committee recommended switching to WET, a move being considered by MPs. However, the German occupation switched France to German time, two other occupied territories, Belgium and the Netherlands, did the same, and Spain also switched to CET in solidarity with Germany under the orders of General Franco. In the United Kingdom, from 1940 to 1945 British Summer Time was used in winters, between 18 February 1968 and 31 October 1971, BST was used all year round. In Ireland, from 1940 to 1946 Irish Summer Time was used all year round, between 18 February 1968 and 31 October 1971, Irish Standard Time was used all year round. In Portugal, CET was used in the mainland from 1966 to 1976, the autonomous region of the Azores used WET from 1992 to 1993. Iceland Mykines, Faroe Islands Western Ireland Western Portugal Madeira Canary Islands These areas are located between 7°30′ W and 22°30′ W Areas using UTC+1, See Central European Time
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Coordinated Universal Time
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Coordinated Universal Time, abbreviated to UTC, is the primary time standard by which the world regulates clocks and time. It is within about 1 second of mean time at 0° longitude. It is one of closely related successors to Greenwich Mean Time. For most purposes, UTC is considered interchangeable with GMT, the first Coordinated Universal Time was informally adopted on 1 January 1960. This change also adopted leap seconds to simplify future adjustments, a number of proposals have been made to replace UTC with a new system that would eliminate leap seconds, but no consensus has yet been reached. Leap seconds are inserted as necessary to keep UTC within 0.9 seconds of universal time, see the Current number of leap seconds section for the number of leap seconds inserted to date. The official abbreviation for Coordinated Universal Time is UTC and this abbreviation arose from a desire by the International Telecommunication Union and the International Astronomical Union to use the same abbreviation in all languages. English speakers originally proposed CUT, while French speakers proposed TUC, the compromise that emerged was UTC, which conforms to the pattern for the abbreviations of the variants of Universal Time. Time zones around the world are expressed using positive or negative offsets from UTC, the westernmost time zone uses UTC−12, being twelve hours behind UTC, the easternmost time zone, theoretically, uses UTC+12, being twelve hours ahead of UTC. In 1995, the nation of Kiribati moved those of its atolls in the Line Islands from UTC-10 to UTC+14 so that the country would all be on the same day. UTC is used in internet and World Wide Web standards. The Network Time Protocol, designed to synchronise the clocks of computers over the internet, computer servers, online services and other entities that rely on having a universally accepted time use UTC as it is more specific than GMT. If only limited precision is needed, clients can obtain the current UTC from a number of official internet UTC servers, for sub-microsecond precision, clients can obtain the time from satellite signals. UTC is also the standard used in aviation, e. g. for flight plans. Weather forecasts and maps all use UTC to avoid confusion about time zones, the International Space Station also uses UTC as a time standard. Amateur radio operators often schedule their radio contacts in UTC, because transmissions on some frequencies can be picked up by many time zones, UTC is also used in digital tachographs used on large goods vehicles under EU and AETR rules. UTC divides time into days, hours, minutes and seconds, days are conventionally identified using the Gregorian calendar, but Julian day numbers can also be used. Each day contains 24 hours and each hour contains 60 minutes, the number of seconds in a minute is usually 60, but with an occasional leap second, it may be 61 or 59 instead
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Daylight saving time
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Daylight saving time is the practice of advancing clocks during summer months by one hour so that evening daylight lasts an hour longer, while sacrificing normal sunrise times. Typically, regions that use Daylight Savings Time adjust clocks forward one hour close to the start of spring, American inventor and politician Benjamin Franklin proposed a form of daylight time in 1784. New Zealander George Hudson proposed the idea of saving in 1895. The German Empire and Austria-Hungary organized the first nationwide implementation, starting on April 30,1916, many countries have used it at various times since then, particularly since the energy crisis of the 1970s. The practice has both advocates and critics, DST clock shifts sometimes complicate timekeeping and can disrupt travel, billing, record keeping, medical devices, heavy equipment, and sleep patterns. Computer software often adjusts clocks automatically, but policy changes by various jurisdictions of DST dates, industrialized societies generally follow a clock-based schedule for daily activities that do not change throughout the course of the year. The time of day that individuals begin and end work or school, North and south of the tropics daylight lasts longer in summer and shorter in winter, with the effect becoming greater as one moves away from the tropics. However, they will have one hour of daylight at the start of each day. Supporters have also argued that DST decreases energy consumption by reducing the need for lighting and heating, DST is also of little use for locations near the equator, because these regions see only a small variation in daylight in the course of the year. After ancient times, equal-length civil hours eventually supplanted unequal, so civil time no longer varies by season, unequal hours are still used in a few traditional settings, such as some monasteries of Mount Athos and all Jewish ceremonies. This 1784 satire proposed taxing window shutters, rationing candles, and waking the public by ringing church bells, despite common misconception, Franklin did not actually propose DST, 18th-century Europe did not even keep precise schedules. However, this changed as rail transport and communication networks came to require a standardization of time unknown in Franklins day. Modern DST was first proposed by the New Zealand entomologist George Hudson, whose shift work job gave him time to collect insects. An avid golfer, he also disliked cutting short his round at dusk and his solution was to advance the clock during the summer months, a proposal he published two years later. The proposal was taken up by the Liberal Member of Parliament Robert Pearce, a select committee was set up to examine the issue, but Pearces bill did not become law, and several other bills failed in the following years. Willett lobbied for the proposal in the UK until his death in 1915, william Sword Frost, mayor of Orillia, Ontario, introduced daylight saving time in the municipality during his tenure from 1911 to 1912. Starting on April 30,1916, the German Empire and its World War I ally Austria-Hungary were the first to use DST as a way to conserve coal during wartime, Britain, most of its allies, and many European neutrals soon followed suit. Russia and a few other countries waited until the year
25.
Central European Summer Time
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It corresponds to UTC + two hours. Other names which have been applied to Central European Summer Time are Middle European Summer Time, Central European Daylight Saving Time, and Bravo Time. Since 1996 European Summer Time has been observed between 1,00 UTC on the last Sunday of March and 1,00 on the last Sunday of October, the following countries and territories use Central European Summer Time. In addition, Libya used CEST during the years 1951–1959, 1982–1989, 1996–1997, European Summer Time Other countries and territories in UTC+2 time zone Other names of UTC+2 time zone
26.
European Union
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The European Union is a political and economic union of 28 member states that are located primarily in Europe. It has an area of 4,475,757 km2, the EU has developed an internal single market through a standardised system of laws that apply in all member states. Within the Schengen Area, passport controls have been abolished, a monetary union was established in 1999 and came into full force in 2002, and is composed of 19 EU member states which use the euro currency. The EU operates through a system of supranational and intergovernmental decision-making. The EU traces its origins from the European Coal and Steel Community, the community and its successors have grown in size by the accession of new member states and in power by the addition of policy areas to its remit. While no member state has left the EU or its antecedent organisations, the Maastricht Treaty established the European Union in 1993 and introduced European citizenship. The latest major amendment to the basis of the EU. The EU as a whole is the largest economy in the world, additionally,27 out of 28 EU countries have a very high Human Development Index, according to the United Nations Development Programme. In 2012, the EU was awarded the Nobel Peace Prize, through the Common Foreign and Security Policy, the EU has developed a role in external relations and defence. The union maintains permanent diplomatic missions throughout the world and represents itself at the United Nations, the World Trade Organization, the G7, because of its global influence, the European Union has been described as an emerging superpower. After World War II, European integration was seen as an antidote to the nationalism which had devastated the continent. 1952 saw the creation of the European Coal and Steel Community, the supporters of the Community included Alcide De Gasperi, Jean Monnet, Robert Schuman, and Paul-Henri Spaak. These men and others are credited as the Founding fathers of the European Union. In 1957, Belgium, France, Italy, Luxembourg, the Netherlands and West Germany signed the Treaty of Rome and they also signed another pact creating the European Atomic Energy Community for co-operation in developing nuclear energy. Both treaties came into force in 1958, the EEC and Euratom were created separately from the ECSC, although they shared the same courts and the Common Assembly. The EEC was headed by Walter Hallstein and Euratom was headed by Louis Armand, Euratom was to integrate sectors in nuclear energy while the EEC would develop a customs union among members. During the 1960s, tensions began to show, with France seeking to limit supranational power, Jean Rey presided over the first merged Commission. In 1973, the Communities enlarged to include Denmark, Ireland, Norway had negotiated to join at the same time, but Norwegian voters rejected membership in a referendum
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European Single Market
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It is also intended to drive economic integration whereby the once separate economies of the member states become integrated within a single EU-wide economy. Half of the trade in goods within the EU is covered by legislation harmonised by the EU, the creation of the internal market as a seamless, single market is an ongoing process, with the integration of the service industry still containing gaps. It also has an international element, with the market represented as one in international trade negotiations. One of the core objectives of the European Economic Community was the development of a common market offering free movement of goods, service, people. Free movement of goods was established in principle through the union between its then-six member states. However the EEC struggled to enforce a single due to the absence of strong decision making structures. It was difficult to remove intangible barriers with mutual recognition of standards, in the end, it was launched on 1 January 1993. The new approach, pioneered at the Delors Commission, combined positive and negative integration, negative integration consists of prohibitions imposed on member states of discriminatory behaviour and other restrictive practices. Positive integration consists in approximation of laws and standards, especially important in this respect is the adoption of harmonising legislation under Article 114 of the Treaty on the Functioning of the European Union. Thus harmonisation was largely used to basic health and safety standards were met. By 1992 about 90% of the issues had been resolved and in the year the Maastricht Treaty set about to create an Economic. Work on freedom for services did take longer, and was the last freedom to be implemented, mainly through the Posting of Workers Directive, in 1997 the Amsterdam Treaty abolished physical barriers across the internal market by incorporating the Schengen Area within the competences of the EU. The Schengen Agreement implements the abolition of border controls between most member states, common rules on visas, and police and judicial cooperation, even as the Lisbon Treaty came into force in 2009 however, some areas pertaining parts of the four freedoms had not yet been completely opened. Those, along with work on the economic and monetary union. The European Union is also a customs union and this means that member states have removed customs barriers between themselves and introduced a common customs policy towards other countries. By agreement between the Union and the states concerned Andorra, Monaco, San Marino and Turkey also participate in the EU Customs Union, Article 30 TFEU prohibits member states from levying any duties on goods crossing a border, both goods produced within the EU and those produced outside. Neither the purpose of the charge, nor its name in domestic law, is relevant, since the Single European Act, there can be no systematic customs controls at the borders of member states. The emphasis is on post-import audit controls and risk analysis, physical controls of imports and exports now occur at traders premises, rather than at the territorial borders
28.
European Union Customs Union
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The European Union Customs Union is a customs union which consists of all the member states of the European Union, Monaco, and some territories of the United Kingdom which are not part of the EU. Some territories within the EU do not participate in the customs union, besides the EUCU, the EU, through separate agreements, is in customs unions with Andorra, San Marino, and Turkey, with the exceptions of certain goods. The customs union is a condition of the European Economic Community, established in 1958. No customs duties are levied on goods travelling within the customs union and—unlike a free trade area—members of the customs union impose a common external tariff on all goods entering the union. Monaco and the British territories of Akrotiri and Dhekelia, Guernsey, Isle of Man, Andorra, San Marino and Turkey, a candidate for EU membership, are each in a customs union with the EU. While all EU member states are part of the customs union, territories of member states which have remained outside of the EU generally do not participate in the customs union. Implementation will take place over a period of time and full implementation is anticipated by 31 December 2020 at the latest, the European Commission has stated that the aims of the UCC are simplicity, service and speed
29.
Trade bloc
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Surges of trade bloc formation were seen in the 1960s and 1970s, as well as in the 1990s after the collapse of Communism. By 1997, more than 50% of all commerce was conducted within regional trade blocs. Economist Jeffrey J. Advocates of worldwide free trade are generally opposed to trading blocs, scholars and economists continue to debate whether regional trade blocs are leading to a more fragmented world economy or encouraging the extension of the existing global multilateral trading system. Trade blocs can be stand-alone agreements between states or part of a regional organization. There are five major advantages of trade agreements, foreign direct investment, economies of scale, competition, trade effects. Foreign Direct Investment, An increase in direct investment results from trade blocs. Larger markets are created, resulting in costs to manufacture products locally. Economies of Scale, The larger markets created via trading blocs permit economies of scale, the average cost of production is decreased because mass production is allowed. Competition, Trade blocs bring manufacturers in countries closer together. Accordingly, the increased competition promotes greater efficiency within firms, Trade Effects Trade blocs eliminate tariffs, thus driving the cost of imports down. As a result, demand changes and consumers make purchases based on the lowest prices, market Efficiency, The increased consumption experienced with changes in demand combines with a greater amount of products being manufactured to result in an efficient market. The disadvantages, on the hand, include, regionalism vs. multinationalism, loss of sovereignty, concessions. Regionalism vs. Multinationalism, Trading blocs bear an inherent bias in favor of their participating countries, for example, NAFTA, a free trade agreement between the United States, Canada and Mexico, has contributed to an increased flow of trade among these three countries. Trade among NAFTA partners has risen to more than 80 percent of Mexican and Canadian trade and more than a third of U. S. trade, according to a 2009 report by the Council on Foreign Relations. However, regional economies establish tariffs and quotas that protect intra-regional trade from outside forces, loss of Sovereignty, A trading bloc, particularly when it is coupled with a political union, is likely to lead to at least partial loss of sovereignty for its participants. Concessions, No country wants to let foreign firms gain domestic market share at the expense of local companies without getting something in return, any country that wants to join a trading bloc must be prepared to make concessions. Interdependence, Because trading blocs increase trade among participating countries, the countries become increasingly dependent on each other, regional integration Continental organization Continental union
30.
European Economic Community
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The European Economic Community was a regional organisation which aimed to bring about economic integration among its member states. It was created by the Treaty of Rome of 1957, upon the formation of the European Union in 1993, the EEC was incorporated and renamed as the European Community. In 2009 the ECs institutions were absorbed into the EUs wider framework and it gained a common set of institutions along with the European Coal and Steel Community and the European Atomic Energy Community as one of the European Communities under the 1965 Merger Treaty. In 1993, a single market was achieved, known as the internal market, which allowed for the free movement of goods, capital, services. In 1994, the market was formalised by the EEA agreement. This agreement also extended the market to include most of the member states of the European Free Trade Association. Upon the entry into force of the Maastricht Treaty in 1993 and this was also when the three European Communities, including the EC, were collectively made to constitute the first of the three pillars of the European Union, which the treaty also founded. The EEC was also known as the Common Market in the English-speaking countries and sometimes referred to as the European Community even before it was renamed as such in 1993. In 1951, the Treaty of Paris was signed, creating the European Coal and this was an international community based on supranationalism and international law, designed to help the economy of Europe and prevent future war by integrating its members. In the aim of creating a federal Europe two further communities were proposed, a European Defence Community and a European Political Community. While the treaty for the latter was being drawn up by the Common Assembly, the ECSC parliamentary chamber, after the Messina Conference in 1955, Paul Henri Spaak was given the task to prepare a report on the idea of a customs union. The so-called Spaak Report of the Spaak Committee formed the cornerstone of the negotiations at Val Duchesse castle in 1956. Together with the Ohlin Report the Spaak Report would provide the basis for the Treaty of Rome, in 1956, Paul Henri Spaak led the Intergovernmental Conference on the Common Market and Euratom at the Val Duchesse castle, which prepared for the Treaty of Rome in 1957. The conference led to the signature, on 25 March 1957, the resulting communities were the European Economic Community and the European Atomic Energy Community. These were markedly less supranational than the communities, due to protests from some countries that their sovereignty was being infringed. The first formal meeting of the Hallstein Commission, was held on 16 January 1958 at the Chateau de Val-Duchesse, the EEC was to create a customs union while Euratom would promote co-operation in the nuclear power sphere. The EEC rapidly became the most important of these and expanded its activities, one of the first important accomplishments of the EEC was the establishment of common price levels for agricultural products. In 1968, internal tariffs were removed on certain products, another crisis was triggered in regard to proposals for the financing of the Common Agricultural Policy, which came into force in 1962
31.
Sweden
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Sweden, officially the Kingdom of Sweden, is a Scandinavian country in Northern Europe. It borders Norway to the west and Finland to the east, at 450,295 square kilometres, Sweden is the third-largest country in the European Union by area, with a total population of 10.0 million. Sweden consequently has a low density of 22 inhabitants per square kilometre. Approximately 85% of the lives in urban areas. Germanic peoples have inhabited Sweden since prehistoric times, emerging into history as the Geats/Götar and Swedes/Svear, Southern Sweden is predominantly agricultural, while the north is heavily forested. Sweden is part of the area of Fennoscandia. The climate is in very mild for its northerly latitude due to significant maritime influence. Today, Sweden is a monarchy and parliamentary democracy, with a monarch as head of state. The capital city is Stockholm, which is also the most populous city in the country, legislative power is vested in the 349-member unicameral Riksdag. Executive power is exercised by the government chaired by the prime minister, Sweden is a unitary state, currently divided into 21 counties and 290 municipalities. Sweden emerged as an independent and unified country during the Middle Ages, in the 17th century, it expanded its territories to form the Swedish Empire, which became one of the great powers of Europe until the early 18th century. Swedish territories outside the Scandinavian Peninsula were gradually lost during the 18th and 19th centuries, the last war in which Sweden was directly involved was in 1814, when Norway was militarily forced into personal union. Since then, Sweden has been at peace, maintaining a policy of neutrality in foreign affairs. The union with Norway was peacefully dissolved in 1905, leading to Swedens current borders, though Sweden was formally neutral through both world wars, Sweden engaged in humanitarian efforts, such as taking in refugees from German-occupied Europe. After the end of the Cold War, Sweden joined the European Union on 1 January 1995 and it is also a member of the United Nations, the Nordic Council, Council of Europe, the World Trade Organization and the Organisation for Economic Co-operation and Development. Sweden maintains a Nordic social welfare system that provides health care. The modern name Sweden is derived through back-formation from Old English Swēoþēod and this word is derived from Sweon/Sweonas. The Swedish name Sverige literally means Realm of the Swedes, excluding the Geats in Götaland, the etymology of Swedes, and thus Sweden, is generally not agreed upon but may derive from Proto-Germanic Swihoniz meaning ones own, referring to ones own Germanic tribe
32.
Inner Six
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The Inner Six, or simply the Six, were the six founding member states of the European Communities. They were in contrast to the seven who formed the European Free Trade Association rather than engage in supranational European integration. Five of the seven later joined the European Communities. The inner six are those who responded to the Schuman Declarations call for the pooling of coal, the six signed the Treaty of Paris creating the European Coal and Steel Community on 18 April 1951. However the plan was rejected by the Senate of France, which also scuppered the draft treaty for a European Political Community. President of the ECSC High Authority, and architect of the ECSC, Jean Monnet resigned in protest, dependency on overseas oil and the steady exhaustion of coal deposits led to the idea of an atomic energy community. However, the Benelux countries and Germany desired a common market, in order to reconcile the two ideas, both communities would be created. Thus, the six went on to sign the Treaties of Rome in 1957, establishing the European Economic Community, the institutions of these communities would later be merged in 1967, leading to them collectively being known as the European Communities. The six would continue in their co-operation until 1973 when they were joined by two of the seven and Ireland. The events of the Suez Crisis showed the United Kingdom that it could no longer alone, instead turning to the United States. Britain, along with Denmark, Ireland and Norway, applied for membership in 1960, however, then–French President Charles de Gaulle saw British membership of the Community as a Trojan horse for US interests, and hence stated he would veto British membership. The four countries resubmitted their applications on 11 May 1967 and with Georges Pompidou succeeding Charles de Gaulle as French President, negotiations began in 1970 and two years later the accession treaties were signed with all but Norway acceding to the Community. In 1981 Greece joined the European Community, bringing the number to ten, after its democratic revolution, Portugal would also leave EFTA to join the Communities in 1986, along with Spain. On the other hand, membership of the Communities, now the European Union, has reached 28, today, there are still some groups within the European Union integrating faster than others, for example, the eurozone and Schengen Area. Inner Six are today among the most integrated members of the E. U
33.
Austria
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Austria, officially the Republic of Austria, is a federal republic and a landlocked country of over 8.7 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Hungary and Slovakia to the east, Slovenia and Italy to the south, the territory of Austria covers 83,879 km2. The terrain is mountainous, lying within the Alps, only 32% of the country is below 500 m. The majority of the population speaks local Bavarian dialects of German as their native language, other local official languages are Hungarian, Burgenland Croatian, and Slovene. The origins of modern-day Austria date back to the time of the Habsburg dynasty, from the time of the Reformation, many northern German princes, resenting the authority of the Emperor, used Protestantism as a flag of rebellion. Following Napoleons defeat, Prussia emerged as Austrias chief competitor for rule of a greater Germany, Austrias defeat by Prussia at the Battle of Königgrätz, during the Austro-Prussian War of 1866, cleared the way for Prussia to assert control over the rest of Germany. In 1867, the empire was reformed into Austria-Hungary, Austria was thus the first to go to war in the July Crisis, which would ultimately escalate into World War I. The First Austrian Republic was established in 1919, in 1938 Nazi Germany annexed Austria in the Anschluss. This lasted until the end of World War II in 1945, after which Germany was occupied by the Allies, in 1955, the Austrian State Treaty re-established Austria as a sovereign state, ending the occupation. In the same year, the Austrian Parliament created the Declaration of Neutrality which declared that the Second Austrian Republic would become permanently neutral, today, Austria is a parliamentary representative democracy comprising nine federal states. The capital and largest city, with a population exceeding 1.7 million, is Vienna, other major urban areas of Austria include Graz, Linz, Salzburg and Innsbruck. Austria is one of the richest countries in the world, with a nominal per capita GDP of $43,724, the country has developed a high standard of living and in 2014 was ranked 21st in the world for its Human Development Index. Austria has been a member of the United Nations since 1955, joined the European Union in 1995, Austria also signed the Schengen Agreement in 1995, and adopted the euro currency in 1999. The German name for Austria, Österreich, meant eastern realm in Old High German, and is cognate with the word Ostarrîchi and this word is probably a translation of Medieval Latin Marchia orientalis into a local dialect. Austria was a prefecture of Bavaria created in 976, the word Austria is a Latinisation of the German name and was first recorded in the 12th century. Accordingly, Norig would essentially mean the same as Ostarrîchi and Österreich, the Celtic name was eventually Latinised to Noricum after the Romans conquered the area that encloses most of modern-day Austria, around 15 BC. Noricum later became a Roman province in the mid-first century AD, heers hypothesis is not accepted by linguists. Settled in ancient times, the Central European land that is now Austria was occupied in pre-Roman times by various Celtic tribes, the Celtic kingdom of Noricum was later claimed by the Roman Empire and made a province
34.
Denmark
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The term Danish Realm refers to the relationship between Denmark proper, the Faroe Islands and Greenland—three countries constituting the Kingdom of Denmark. The legal nature of the Kingdom of Denmark is fundamentally one of a sovereign state. The Faroe Islands and Greenland have been part of the Crown of Denmark since 1397 when the Kalmar Union was ratified, legal matters in The Danish Realm are subject to the Danish Constitution. Beginning in 1953, state law issues within The Danish Realm has been governed by The Unity of the Realm, a less formal name for The Unity of the Realm is the Commonwealth of the Realm. In 1978, The Unity of The Realm was for the first time referred to as rigsfællesskabet. The name caught on and since the 1990s, both The Unity of The Realm and The Danish Realm itself has increasingly been referred to as simply rigsfællesskabet in daily parlance. The Danish Constitution stipulates that the foreign and security interests for all parts of the Danish Realm are the responsibility of the Danish government, the Faroes received home rule in 1948 and Greenland did so in 1979. In 2005, the Faroes received a self-government arrangement, and in 2009 Greenland received self rule, the Danish Realms unique state of internal affairs is acted out in the principle of The Unity of the Realm. This principle is derived from Article 1 of the Danish Constitution which specifies that constitutional law applies equally to all areas of the Danish Realm, the Constitutional Act specifies that sovereignty is to continue to be exclusively with the authorities of the Realm. The language of Denmark is Danish, and the Danish state authorities are based in Denmark, the Kingdom of Denmarks parliament, with its 179 members, is located in the capital, Copenhagen. Two of the members are elected in each of Greenland and the Faroe Islands. The Government ministries are located in Copenhagen, as is the highest court, in principle, the Danish Realm constitutes a unified sovereign state, with equal status between its constituent parts. Devolution differs from federalism in that the powers of the subnational authority ultimately reside in central government. The Self-Government Arrangements devolves political competence and responsibility from the Danish political authorities to the Faroese, the Faroese and Greenlandic authorities administer the tasks taken over from the state, enact legislation in these specific fields and have the economic responsibility for solving these tasks. The Danish government provides a grant to the Faroese and the Greenlandic authorities to cover the costs of these devolved areas. The 1948 Home Rule Act of the Faroe Islands sets out the terms of Faroese home rule, the Act states. the Faroe Islands shall constitute a self-governing community within the State of Denmark. It establishes the government of the Faroe Islands and the Faroese parliament. The Faroe Islands were previously administered as a Danish county, the Home Rule Act abolished the post of Amtmand and these powers were expanded in a 2005 Act, which named the Faroese home government as an equal partner with the Danish government
35.
Portugal
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Portugal, officially the Portuguese Republic, is a country on the Iberian Peninsula in Southwestern Europe. It is the westernmost country of mainland Europe, to the west and south it is bordered by the Atlantic Ocean and to the east and north by Spain. The Portugal–Spain border is 1,214 kilometres long and considered the longest uninterrupted border within the European Union, the republic also includes the Atlantic archipelagos of the Azores and Madeira, both autonomous regions with their own regional governments. The territory of modern Portugal has been settled, invaded. The Pre-Celts, Celts, Carthaginians and the Romans were followed by the invasions of the Visigothic, in 711 the Iberian Peninsula was invaded by the Moors, making Portugal part of Muslim Al Andalus. Portugal was born as result of the Christian Reconquista, and in 1139, Afonso Henriques was proclaimed King of Portugal, in the 15th and 16th centuries, Portugal established the first global empire, becoming one of the worlds major economic, political and military powers. Portugal monopolized the trade during this time, and the Portuguese Empire expanded with military campaigns led in Asia. After the 1910 revolution deposed the monarchy, the democratic but unstable Portuguese First Republic was established, democracy was restored after the Portuguese Colonial War and the Carnation Revolution in 1974. Shortly after, independence was granted to almost all its overseas territories, Portugal has left a profound cultural and architectural influence across the globe and a legacy of over 250 million Portuguese speakers today. Portugal is a country with a high-income advanced economy and a high living standard. It is the 5th most peaceful country in the world, maintaining a unitary semi-presidential republican form of government and it has the 18th highest Social Progress in the world, putting it ahead of other Western European countries like France, Spain and Italy. Portugal is a pioneer when it comes to drug decriminalization, as the nation decriminalized the possession of all drugs for use in 2001. The early history of Portugal is shared with the rest of the Iberian Peninsula located in South Western Europe, the name of Portugal derives from the joined Romano-Celtic name Portus Cale. Other influences include some 5th-century vestiges of Alan settlements, which were found in Alenquer, Coimbra, the region of present-day Portugal was inhabited by Neanderthals and then by Homo sapiens, who roamed the border-less region of the northern Iberian peninsula. These were subsistence societies that, although they did not establish prosperous settlements, neolithic Portugal experimented with domestication of herding animals, the raising of some cereal crops and fluvial or marine fishing. Chief among these tribes were the Calaicians or Gallaeci of Northern Portugal, the Lusitanians of central Portugal, the Celtici of Alentejo, a few small, semi-permanent, commercial coastal settlements were also founded in the Algarve region by Phoenicians-Carthaginians. Romans first invaded the Iberian Peninsula in 219 BC, during the last days of Julius Caesar, almost the entire peninsula had been annexed to the Roman Republic. The Carthaginians, Romes adversary in the Punic Wars, were expelled from their coastal colonies and it suffered a severe setback in 150 BC, when a rebellion began in the north
36.
United Kingdom
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The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom or Britain, is a sovereign country in western Europe. Lying off the north-western coast of the European mainland, the United Kingdom includes the island of Great Britain, Northern Ireland is the only part of the United Kingdom that shares a land border with another sovereign state—the Republic of Ireland. The Irish Sea lies between Great Britain and Ireland, with an area of 242,500 square kilometres, the United Kingdom is the 78th-largest sovereign state in the world and the 11th-largest in Europe. It is also the 21st-most populous country, with an estimated 65.1 million inhabitants, together, this makes it the fourth-most densely populated country in the European Union. The United Kingdom is a monarchy with a parliamentary system of governance. The monarch is Queen Elizabeth II, who has reigned since 6 February 1952, other major urban areas in the United Kingdom include the regions of Birmingham, Leeds, Glasgow, Liverpool and Manchester. The United Kingdom consists of four countries—England, Scotland, Wales, the last three have devolved administrations, each with varying powers, based in their capitals, Edinburgh, Cardiff and Belfast, respectively. The relationships among the countries of the UK have changed over time, Wales was annexed by the Kingdom of England under the Laws in Wales Acts 1535 and 1542. A treaty between England and Scotland resulted in 1707 in a unified Kingdom of Great Britain, which merged in 1801 with the Kingdom of Ireland to form the United Kingdom of Great Britain and Ireland. Five-sixths of Ireland seceded from the UK in 1922, leaving the present formulation of the United Kingdom of Great Britain, there are fourteen British Overseas Territories. These are the remnants of the British Empire which, at its height in the 1920s, British influence can be observed in the language, culture and legal systems of many of its former colonies. The United Kingdom is a country and has the worlds fifth-largest economy by nominal GDP. The UK is considered to have an economy and is categorised as very high in the Human Development Index. It was the worlds first industrialised country and the worlds foremost power during the 19th, the UK remains a great power with considerable economic, cultural, military, scientific and political influence internationally. It is a nuclear weapons state and its military expenditure ranks fourth or fifth in the world. The UK has been a permanent member of the United Nations Security Council since its first session in 1946 and it has been a leading member state of the EU and its predecessor, the European Economic Community, since 1973. However, on 23 June 2016, a referendum on the UKs membership of the EU resulted in a decision to leave. The Acts of Union 1800 united the Kingdom of Great Britain, Scotland, Wales and Northern Ireland have devolved self-government
37.
Vaduz
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Vaduz is the capital of Liechtenstein and also the seat of the national parliament. The town, which is located along the Rhine River, has about 5,100 residents as of 2009, although Vaduz is the best known town internationally in the principality, it is not the largest, neighbouring Schaan has a larger population. Vaduz is said to be mentioned in historic 12th-century manuscripts as Farduzes and it is, however, commonly believed to have been founded circa 1322 by the Counts of Werdenberg. In 1322 a mention of the castle is made, which was sacked by the Swiss in 1499 during the Swabian War, the entire town was also destroyed. In the 17th century the Liechtenstein family was seeking a seat in the Imperial diet, however, since they did not hold any territory that was directly under the Imperial throne, they were unable to meet the primary requirement to qualify. After some time, the family was able to arrange the purchase of the minuscule Herrschaft of Schellenberg, tiny Schellenberg and Vaduz possessed exactly the political status required, no feudal lord other than the Emperor. It is on this date that Liechtenstein became a member state of the Holy Roman Empire. As a testament to the political expediency of the purchases. The most prominent landmark of Vaduz is Vaduz Castle, the home of the prince of Liechtenstein. The castle is visible from almost any location in Vaduz, being perched atop a hill in the middle of the city. The Cathedral of St. Florin, Government House and City Hall are also well-known landmarks, displaying the various styles, Vaduz has a lively tourist industry, despite being one of the very few capital cities in the world without an airport or railway station. The closest railway station is Schaan–Vaduz located around 2 kilometres from the city centre in the town of Schaan, however, very few trains stop here except for a local service between Buchs in Switzerland and Feldkirch in Austria. There are extremely frequent bus connections between nearby mainline railway stations including Buchs, Sargans, and Feldkirch, operated by Liechtenstein Bus, the nearest airport is Zürich Airport located around 120 km away from Vaduz. It could take 2 hours by train and 2.30 hours by car, the National Art Gallery as well as the National Museum are located in Vaduz. The art gallery is a museum of modern and contemporary art, also showing displays from the private princely Liechtenstein Collection, the building is an architectural landmark built by the Swiss architects Morger, Degelo and Kerez. It was completed in November 2000 and forms a “black box” of tinted concrete, the museum collection is also the national art collection of Liechtenstein. The Liechtenstein National Museum is showing a permanent exhibition on the cultural and natural history of Liechtenstein as well as special exhibitions, there are also the Postage Stamp Museum and a Ski Museum. Vaduz also has a professional association football club, FC Vaduz which, as the other clubs in Liechtenstein
38.
Customs union
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A customs union is a type of trade bloc which is composed of a free trade area with a common external tariff. The participant countries set up common external policy, but in some cases they use different import quotas. Common competition policy is also helpful to avoid competition deficiency, purposes for establishing a customs union normally include increasing economic efficiency and establishing closer political and cultural ties between the member countries. It is the stage of economic integration. Customs unions are established through trade pacts, note, Every Economic union, Customs and monetary union and Economic and monetary union includes a Customs Union. European Customs Information Portal List of international trade topics Trade creation Trade diversion Agreements Notified to the GATT/WTO and in Force
39.
Free trade agreements
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A free-trade area is the region encompassing a trade bloc whose member countries have signed a free-trade agreement. Such agreements involve cooperation between at least two countries to trade barriers – import quotas and tariffs – and to increase trade of goods. If people are free to move between the countries, in addition to a free-trade agreement, it would also be considered an open border. It can be considered the second stage of economic integration, only goods that meet these minimum requirements are entitled to the special treatment envisioned by the free trade area provisions. Cumulation is the relationship between different FTAs regarding the rules of origin – sometimes different FTAs supplement each other, in other cases there is no cross-cumulation between the FTAs, a free-trade area is a result of a free-trade agreement between two or more countries. Within an industrialized country there are few if any significant barriers to the easy exchange of goods. Between countries, on the hand, many of these barriers to the easy exchange of goods often do occur. It is commonplace for there to be duties of one kind or another. The aim of an area is to reduce barriers to exchange so that trade can grow as a result of specialisation, division of labour. The theory of comparative advantage argues that in an unrestricted marketplace each source of production will tend to specialize in that activity where it has comparative advantage. The theory argues that the net result will be an increase in income and ultimately wealth, in principle, the overall gains from trade could be used to compensate for the effects of reduced trade barriers by appropriate inter-party transfers. This is just one example of a qualification for a free-trade agreement, if a certificate of origin is present from a supplier demonstrating that the good originated in a country under the associated free trade agreement, no further calculations are needed. A functional solution should also perform the calculations for the associated FTA during the Bill of Material analysis. Aggressive legalism Free trade zone International trade Free trade debate bilaterals, singapore official FTA site EFTA official site Australias FTAs About. coms Pros & Cons of U. S. The largest multi-product Free trade area in India
40.
European Economic Area
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The European Economic Area is the area in which the Agreement on the EEA provides for the free movement of persons, goods, services and capital within the European Single Market. The EEA was established on 1 January 1994 upon entry into force of the EEA Agreement, the EEA Agreement specifies that membership is open to member states of either the European Union or European Free Trade Association. EFTA states which are party to the EEA Agreement participate in the EUs internal market without being members of the EU and they adopt most EU legislation concerning the single market, however with notable exclusions including laws regarding agriculture and fisheries. The EEAs decision-shaping processes enable EEA EFTA member states to influence and contribute to new EEA policy, third country goods are excluded for these states on rules of origin. Membership has grown to 31 states as of 2016,28 EU member states, the Agreement is applied provisionally with respect to Croatia—the remaining and most recent EU member state—pending ratification of its accession by all EEA parties. One EFTA member, Switzerland, has not joined the EEA, in the late 1980s, the EFTA member states, led by Sweden, began looking at options to join the then European Communities. The reasons identified for this are manifold, many authors cite the economic downturn in the beginning of the 1980s, and the subsequent adoption by the European Union of the Europe 1992 agenda as a primary reason. Other authors point to the end of the Cold War, which joining the EU less politically controversial for neutral countries. Delors proposed a European Economic Space in January 1989, which was renamed the European Economic Area. By the time the EEA was established, however, several developments hampered its credibility, first of all, Switzerland rejected the EEA agreement in a national referendum on 6 December 1992 obstructing full EU-EFTA integration within the EEA. Furthermore, Austria had applied for full EEC membership in 1989, and was followed by Finland, Norway, Sweden, and Switzerland between 1991 and 1992. The EEA Agreement was signed in Porto on 2 May 1992 by the seven states of the European Free Trade Association. Switzerland is instead linked to the EU by a series of bilateral agreements, liechtensteins participation in the EEA was delayed until 1 May 1995. As of 2014 the contracting parties to the EEA are 3 of the 4 EFTA member states and 27 of the 28 EU member states, after Slovenia, Croatia has recovered best from the break-up of the former Yugoslavia and is the second former Yugoslav state to join the EU. According to Eurostat, Croatia has a market economy and its GDP per capita in 2010 was 61 per cent of the EU average. EU accession negotiations were concluded on 30 June 2011, and the Treaty of Accession was signed on 9 December 2011 in Brussels, Accession negotiations were expected to be completed by the autumn of 2013, and on 20 November 2013 it was announced that an enlargement agreement was reached. As of January 2017, the agreement has been ratified by 15 out of 31 EEA member states, the agreement did not fully enter into force until 9 November 2011. On the other hand, the EEA Agreement was applied on a basis to the 10 acceding countries in May 2004 as from the date of their accession to the EU
41.
EFTA Court
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As members of the EEA, the three countries have access to the internal market of the European Union. Consequently, they are subject to a number of European laws, since September 1995, the Court has consisted of three judges and six ad-hoc judges. They are nominated by the three members and appointed by their Governments collectively through common accord, according to Article 108 of the EEA Agreement of 2 May 1992, the EFTA States taking part in the EEA Agreement shall establish a court of justice. That obligation was complied with by the conclusion of the Surveillance and Court Agreement, the EFTA Court was originally designed for the then seven EFTA States Austria, Finland, Iceland, Liechtenstein, Norway, Sweden and Switzerland. On 1 January 1994, upon the entry into force of the EEA Agreement, Switzerland was unable to ratify the EEA Agreement due to a negative referendum. Liechtenstein postponed membership until 1 May 1995, in 1995, Austria, Finland and Sweden left EFTA and joined the EU. When the EEA Agreement entered into force on 1 January 1994, after the accession of Austria, Finland and Sweden to the European Union, it was decided to move the Courts seat to Luxembourg, where the European Court of Justice and the General Court are located. On 1 September 1996, the EFTA Court moved to Luxembourg, the EFTA Court is an independent judicial body, established under the “Surveillance and Court Agreement” to ensure the judicial control of the EEA Agreement in the EEA/EFTA States. It came into operation following the entry into force of the EEA Agreement on 1 January 1994, the main difference is that it has no Advocates General The EFTA Court consists of 3 permanent judges. Each EEA/EFTA State has the right to one candidate for the position. The Judges are appointed by common accord of the governments of the EEA/EFTA States for a term of six years. A further six ad hoc judges are chosen, pursuant to Article 30 SCA. One of the six ad hoc judge is called upon to sit if a judge is prevented from participating in a case due to bias or illness. Each judge has his or her cabinet which consists of the judge and at least one legal secretary and he or she directs the judicial business and the administration of the Court. The President assigns the cases to a judge to act as a rapporteur and he or she sets the dates and timetable for the sessions of the Court, presides at hearings and deliberations. The President is competent to take decisions on requests for the application of interim measures, the Registrar assists the Court in procedural matters, and is the head of personnel. He or she is responsible for the Registry as well as for the receipt, transmission and custody of documents, the Registrar is also responsible for the Courts archives and publications, for the administration of the Court, its financial management and its accounts. The Registrar supports the judges in their official and representative functions, the operation of the Court is in the hands of officials and other servants who are responsible to the Registrar under the authority of the President
42.
Golden Hall (Stockholm City Hall)
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The Golden Hall is a banqueting hall in Stockholm City Hall. Measuring 44-metre in height, it received its name when its walls were decorated by mosaics created by the artist Einar Forseth on a proposal by the City Hall architect Ragnar Östberg. The hall is best known as the location of the ball after the annual Nobel Banquet in the City Halls Blue Hall, initially the Golden Hall was not golden but built with stone and granite. Thanks to a hefty donation by a person who wished to remain anonymous. The donation of 300,000 was granted between 1917 and 1919, the balls after the annual Nobel Banquet are always held in the Golden Hall. The walls of the hall are covered completely in mosaic that was installed between 1921 and 1923 by the mosaic firm Puhl & Wagner in Berlin. The firm received the contract in March 1921 for an amount of SEK280,000. The mosaic presents allegories of events and persons from Swedish history in the Byzantine idiom, the southern wall of the Golden Hall shows different motifs from all around Stockholm, on one side it is illustrated with the Stockholm Harbour, the Katarina Elevator and the Riddarholmen Church. Stockholm City Hall itself is also depicted, the Tre Kronor castle and a horse ridden by Saint Erik are also there. St. Eriks head cannot be seen from the due to an error in construction which left it above the roof of the hall. Media related to Gyllene salen at Wikimedia Commons
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Stockholm
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The city is spread across 14 islands on the coast in the southeast of Sweden at the mouth of Lake Mälaren, by the Stockholm archipelago and the Baltic Sea. The area has settled since the Stone Age, in the 6th millennium BC. It is also the capital of Stockholm County, Stockholm is the cultural, media, political, and economic centre of Sweden. The Stockholm region alone accounts for over a third of the countrys GDP and it is an important global city, and the main centre for corporate headquarters in the Nordic region. The city is home to some of Europes top ranking universities, such as the Stockholm School of Economics, Karolinska Institute and it hosts the annual Nobel Prize ceremonies and banquet at the Stockholm Concert Hall and Stockholm City Hall. One of the citys most prized museums, the Vasa Museum, is the most visited museum in Scandinavia. The Stockholm metro, opened in 1950, is known for its decoration of the stations. Swedens national football arena is located north of the city centre, Ericsson Globe, the national indoor arena, is in the southern part of the city. The city was the host of the 1912 Summer Olympics, and hosted the equestrian portion of the 1956 Summer Olympics otherwise held in Melbourne, Victoria, Australia. Stockholm is the seat of the Swedish government and most of its agencies, including the highest courts in the judiciary, and the official residencies of the Swedish monarch and the Prime Minister. The government has its seat in the Rosenbad building, the Riksdag is seated in the Parliament House, and the Prime Ministers residence is adjacent at the Sager House. After the Ice Age, around 8,000 BCE, there were already a number of people living in the present-day Stockholm area. Thousands of years later, as the ground thawed, the climate became tolerable, at the intersection of the Baltic Sea and lake Mälaren is an archipelago site where the Old Town of Stockholm was first built from about 1000 CE by Vikings. They had a positive impact on the area because of the trade routes they created. Stockholms location appears in Norse sagas as Agnafit, and in Heimskringla in connection with the legendary king Agne, the earliest written mention of the name Stockholm dates from 1252, by which time the mines in Bergslagen made it an important site in the iron trade. The first part of the name means log in Swedish, although it may also be connected to an old German word meaning fortification, the second part of the name means islet, and is thought to refer to the islet Helgeandsholmen in central Stockholm. Stockholms core, the present Old Town was built on the island next to Helgeandsholmen from the mid 13th century onward. The city originally rose to prominence as a result of the Baltic trade of the Hanseatic League, Stockholm developed strong economic and cultural linkages with Lübeck, Hamburg, Gdańsk, Visby, Reval, and Riga during this time
Iceland
Liechtenstein
Norway
Switzerland
Austria
Denmark
Finland
Portugal
Sweden
United Kingdom
Samnaun
Media related to European Free Trade Association at Wikimedia Commons
EFTA member states
EU member states
