Brussels effect

Market mechanisms by which the European Union regulation is adopted globally

The Brussels effect is the process of unilateral regulatory globalisation caused by the European Union who de facto externalizes its laws outside its borders through market mechanisms. Through the Brussels effect, regulated entities, especially corporations, end up complying with EU laws even outside the EU for a variety of reasons. The effect is named after the city of Brussels, the de facto capital of the European Union.

This keyword could refer to multiple things. Here are some suggestions: