Can Brexit Be an Economic Success and What Effects Can Be Expected for the EU27?

Chapter

Abstract

In this chapter, the immediate economic impacts of Brexit are considered along with prospects for a UK–US transatlantic trade deal. The economic fall-out of the June 23rd referendum is explored, with the challenges for the UK, EU27, US, and even Asia (in particular China) discussed. Politico-economic aspects are highlighted, showing that a strictly economic interpretation of the effects is inadequate: one must also consider the security and military issues, strained international relations, and political challenges which lay ahead. While EU will be faced with the threat of disintegration, a new “balance of power” may emerge on the world stage—with China on one side and Trump’s US on the other. This will affect the EU–UK negotiations which stand center stage.

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  1. 1.Faculty of Economics and Social SciencesBergischen Universität WuppertalWuppertalGermany

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