Brexit: A Critical Analysis within the framework of 'Shuf'ah'

Brexit is a way for the UK to marginalize itself. It is an act to take a back seat instead of a front seat, let alone the driving seat. No doubt, it is the right of the British people to have a referendum about EU membership. At the same time, it is for British politicians to explain what the real balance of costs and benefits of the EU is for the UK. On the other hand, it is for the EU as a whole to ensure that the British, to- gether with all other member states, continue to see membership as a win-win game. People on the continent cherish your history and culture. But nobody believes that Britain should take inspiration from Henry VIII or Robinson Crusoe, when the question is about your relation s with the continent in the 21st century. It is not separation or isolation, but close cooperation with your neighbours that makes you richer, safer and freer. Co-operation often requires compromise with other countries, but it is the only way to move forward.

Globalizations, 2016

One of the most important arguments used by the Leave Campaign during the electoral campaign for Brexit was related to a negative vision of migration in the UK. A total closure of borders to Europeans and extra EU workers will have quantitative and qualitative effects on the composition of the British population and workforces. Most of the arguments exposed by leavers were not supported by data and the real dimension of migrants and their composition were omitted in the debate. The aim of this article is to explain the potential negative consequences that a "closed borders" policy could have on the competitiveness of UK economy in an international and long-run perspective.

Theoretical and Applied Economics, 2017

Leaving the EU without a deal in place for future trading agreements would be the worstcase scenario for British economy. In the long-run Brexit is expected to reduce UK living standards due to the declines in trade and foreign direct investments. The British economy will suffer from the losses implied in the export sectors due to the fact that 45% of its exports are destined to EU members. The potential loss of importance for the City of London will generate a fragmented European financial market that will reduce systemic risk. On the other hand, market participants could face a dual regulation on financial markets, increased uncertainties and frictional costs. The plan to design a Capital Market Union will create a strong competition for London, while Frankfurt and Paris are eager to absorb the financial services lost by British economy.

2017

This research paper assesses the likely impact and consequences of Brexit on the European Union, together with some scenarios for the terms of the UK’s future secession. For the EU, the ongoing process is considering that the losses are found to be highly significant. The key research targets of this paper are the following; Britain is deeply divided over its membership of the EU. There is a risk of ‘political contagion’ from Brexit as it could fuel Euro skepticism elsewhere, particularly if the UK is seen to benefit in politically sensitive areas like migration. Brexit would mean years of uncertainty and wrangling to establish a new relationship between Britain and the EU, which would be damaging for businesses trading with and partners invested in the UK. All member states of the Union will feel the collision of Brexit as Europe will lose international esteem and foreign policy influence and have less leverage in trade negotiations. Brexit will harm the EU’s cohesion, confidence a...

2017

The process of the United Kingdom (UK) leaving the European Union, as a result of the 2016 referendum, brings a lot of uncertainties regarding the impacts of new regulations of trade relations between the UK and other EU member states as well as other countries worldwide. The purpose of this research is, based on a review of the UK's history as an EU member, and the analyses of its current international trade, to determine the potential effects of the process of the UK leaving the European Union to its future trade with the rest of the world. In this paper, four different models by which further trade relations between the United Kingdom and EU could be regulated are discussed. Each of these models has its advantages and disadvantages, and it is not possible to determine with certainty which one of them would be the most beneficial for the UK. Even though a large number of UK's trade partners are not EU members, it is evident that the trade with other countries worldwide can easily be a subjected to change. For that reason, the United Kingdom should primarily base its trade on relations with EU member states, with the assumption of further cooperation with other counties.

The study attempts to assess the impact and aftermath of Britain's withdrawal from the European Union "Brexit". It presents and analyzes the key arguments advocated by both Pro and Anti Brexit in an attempt to clarify the impact it might have or may have had on the United Kingdom from an economic perspective. Therefore, the research takes into account the Economic integration trade volume, GDP, immigration, tariffs and international trade with non-EU members in order to clarify the overall Pros and Cons of Brexit. Consequently, Brexit resulted in a new trade agreement between the U.K. and EU retains their tariff-free status however new laws could act as constraints on immigration and free movement which might affect the U.K.'s labor force. In addition, The U.K. isn't any longer a member of the customs union nor single market with the EU. However, it negotiated a trade agreement that allows zero tariffs and zero quotas on goods traded that comply with the appropriate rules of origin.

Ekonomia i Prawo

Motivation: In a referendum on June 23, 2016, the British people voted to leave the European Union. No nation state has ever left the EU. The theory and practice of European integration is rich, but scientific studies considering the opposite situation thus far do not exist. So the question of economic consequences caused by Great Britain leaving the European Union is very pertinent. Aim: The aim of this article is to identify and discuss the direct economic consequences of Great Britain leaving the European Union. The analysis was performed for the United Kingdom and for the European Union. Poland is a part of the EU. Therefore, among the effects on the EU side of the research there is an emphasis on the results for Poland. The effect of budgets, trade and migration has been analyzed. Results: The effects of the United Kingdom leaving the EU will be more unfavorable for the UK than for the EU. The amount of losses depends on the type of Brexit. A soft Brexit means a relatively slow negotiation designed to retain as close as possible a relationship with the rest of the EU. Access to the EU's single market will reduce losses due to having as few tariffs as possible. A hard Brexit would mean getting out of the EU quickly, having no institutional or political relationship with the union, and regaining full control of UK borders. Therefore, a negotiated free trade deal with the EU would seem to reduce losses for everyone.

17th International Scientific Conference on Economic and Social Development – “Managerial Issues in Modern Business” Book of Proceedings

This paper analyses the short-term economic, as well as the long-term political consequences of Brexit. In order to analyse the short-term economic impact, we implement Chow's test for a structural break on the main stock exchange indexes. Another significant part of this paper is an analysis of the factors that have an impact on the exports of the United Kingdom and whether the potential decrease of the exchange rate will be more relevant than the anticipated decrease of FDI and GDP. This paper concludes that there is significant evidence that there was a negative short-term economic impact caused by Brexit, as well that it might have a detrimental impact on the long-term exports of the United Kingdom. This paper further concludes that Brexit was an unnecessary and avoidable event that might not have happened had there been an accountable political class that fairly and objectively presented the potential consequences of Brexit.

2017

The subject of the research is consequences of Brexit perceived from the perspective of the European Union, the United Kingdom and Poland. The research is an interdisciplinary law and economics study. The results show that the balance for the EU is negative. Brexit changes the internal and external perception and attractiveness of integration, which will no longer be perceived as a road with no return, which may result in subsequent withdrawals. It weakens the European identity. It closes the era of bargaining and concessions to the UK. The balance for the United Kingdom will also be negative. The economic costs of leaving the EU can neither be compensated by savings on EU budget payments nor by the dubious benefits stemming from the economic relations with third countries free of the European regulatory restrictions. At the same time, Brexit ends the era of controversy around EU membership and therefore forces the formulation of internal programmes and the implementation of a polic...

Claremont-UC Undergraduate Research Conference on the European Union, 2018

This argumentative paper addresses the question, why did the British public vote to leave the European Union in the June 2016 referendum? "Brexit" captivated the attention of countless scholars, journalists and political leaders, as most of the world was shocked that the "Leave" campaign, spearheaded by the United Kingdom Independence Party (UKIP), ultimately won out over the "Remain" campaign. Since the Brexit vote, debates have arisen, as perplexed outsiders attempt to discern the factors that contributed to 51.9% of referendum participants voting to leave the EU. I examine two dominant causes of the Brexit vote: first, the pervasiveness of anti-immigration rhetoric and sentiments; second, the powerful argument presented for economic independence. I discuss how the "Leave" campaign used and manipulated these arguments to ignite Euroscepticism and fear in the voters. After considering the causes of the vote, I analyze potential consequences of Brexit; specifically, how the restriction of the freedom of movement will impact the British economy and the possibility of another referendum on the independence of Scotland.