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The BREXIT Dynamics: British and EU27 Challenges after the EU Referendum

Author

Listed:
  • Paul J.J. Welfens

    (Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW))

  • David Hanrahan

    (Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW))

Abstract

Summary: The BREXIT dynamics are considerable in a politico-economic perspective. The British referendum of June 23rd, 2016, was a disorderly one as the Cameron government did not include key information in the official government brochure sent to all households across the UK - a study by the Treasury had shown a 10 percent income decline as a consequence of a potential BREXIT, but in the 16-page information brochure distributed to all households/the electorate, this prognosis was not mentioned at all. EU immigration issues played a role not only under Cameron but also under the May government and in the UK government's White Paper on exiting the EU, respectively. Key issues of BREXIT are related to the potential political instability in the EU. As regards the Global Britain approach of the May government, it is shown here that this is unlikely to work. EU27 reforms are quite important, without adequate reforms and much better leadership in Germany and other EU countries, there will be further disintegration in the EU.

Suggested Citation

  • Paul J.J. Welfens & David Hanrahan, 2017. "The BREXIT Dynamics: British and EU27 Challenges after the EU Referendum," EIIW Discussion paper disbei240, Universitätsbibliothek Wuppertal, University Library.
  • Handle: RePEc:bwu:eiiwdp:disbei240
    as

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    References listed on IDEAS

    as
    1. Paul J.J. Welfens, 2017. "An Accidental Brexit," Springer Books, Springer, number 978-3-319-58271-9, December.
    2. P. J. J. Welfens, 2016. "Cameron’s information disaster in the referendum of 2016: an exit from Brexit?," International Economics and Economic Policy, Springer, vol. 13(4), pages 539-548, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Brexit; UK; Global Britain; EU; Disintegration;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • F15 - International Economics - - Trade - - - Economic Integration
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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