Abstract
There are individuals and groups who have common interest in many areas, including political, economic, socialand they are united together in order to achieve these benefits. One of the forms of this alliance in the economicsphere is forming an economic interest group. It has been so successful in economic development and progressand facilitating trade that goes beyond the boundaries and it has found a multinational nature in which EuropeanEconomic Interest Group is one of the most important ones. On the other hand, we are facing with multinationalcompanies which have more power and age in comparison to economic interest group. Whit the existence ofmultinational companies, the reason for existence of economic interest group is uncertain. In this study,researchers have examined the differences and benefits of these two institutions together and by examining thedifference, function and structure of them, the reasons of economic interest group's importance in EuropeanUnion are examined.
Highlights
For the first time in 1897, the idea of establishing financial institutions was introduced by an Italian lawyer called Fedozzi
One of the forms of this alliance in the economic sphere is forming an economic interest group. It has been so successful in economic development and progress and facilitating trade that goes beyond the boundaries and it has found a multinational nature in which European Economic Interest Group is one of the most important ones
On July 25, 1985, and referring to No 2137.85, Legislative Council of Europe approved the relevant provisions of the European Economic Interest Group which consists of 43 articles and they have been implemented through European Union since July 1st in 1989
Summary
For the first time in 1897, the idea of establishing financial institutions was introduced by an Italian lawyer called Fedozzi. He believed that these institutions have the potential to change into big companies which can result in the industry's rapid growth. European Economic Interest Group is a form of an alliance between companies or other legal persons such as corporations established in various countries of European Union which need to corporate and work together beyond the national borders. The main question of the present study is that despite there are powerful multinational companies why it is needed to establish European Economic Interest Group and what is the structural and functional distinction between these two institutions. The researchers have examined the structure of European Economic Interest Group, and they have studied its difference with multinational companies
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