Supranational Organization

Definition

A supranational organization is a group formed by multiple states that voluntarily transfer some of their sovereignty to a higher authority in order to address common issues and make decisions on behalf of the member states. This results in the creation of institutions with powers that go beyond those held by individual states.

Related terms

Multinational Corporation: A company that operates in multiple countries and may have significant influence over governments due to its economic power.

Intergovernmental Organization (IGO): An organization consisting of sovereign states that come together to address global issues such as United Nations (UN).

European Union (EU): A supranational organization composed of 27 European countries, which has its own institutions and makes decisions affecting member states' policies and laws.