Economic Consequences of BREXIT after the British Referendum

Authors

  • Cristian PĂUN Bucharest University of Economic Studies

Abstract

The European Union project is strongly challenged today by the historical decision of United Kingdom’s citizens to exit from this structure, with all consequences assumed. United Kingdom will be the first nation that will quit this ambitious initiative and the decision is transmitted by the organized national referendum’s results in this respect. The population’s opinion expressed by a huge number of voting persons should be taken into consideration by British politicians and transposed very soon into political actions that could have a strong and clear economic impact on both sides. This paper will discuss the possible economic consequences of such historical decision, including potential effects on a small country like Romania.

Author Biography

Cristian PĂUN, Bucharest University of Economic Studies

Faculty of International Relations, University of Economic Studies, 41 Dacia Bld, sector 1, 010404, Bucharest, Romania

References

Baldwin, R., and Wyplosz, C. (2009). The Economics of European Integration, 3rd Edition. New York: McGraw Hill. Bertoncini, Y. (2009). La legislation nationale d’origine communautaire: briser le mythe des 80%. Notre Europe, 13, Jacques Delors Institute, Paris. Cini, M., and Solorzano-Borragan, N.P. (2010). European Union Politics, 3rd Edition, Oxford: Oxford University Press. Eriksen, E. (2008). Democracy Lost: The EEA Agreement and Norway’s Democratic Deficit. ARENA Working Papers 21, ARENA. Gerhards, J., and Lengfeld, H, (2015). European Citizenship and Social Integration in the European Union. New York: Routlege, Taylor & Francis Group. Gilbert, M. (2012). European Integration, A concise history, Maryland: Rowman & Littlefield Publishers. Miller, V. (2010). How much legislation comes from Europe? Research Paper 10/62, UK Parliament, United Kingdom. Nacewska-Twardowska, A. (2014). The evolution of European Union Preferential Trade Agreements. International Economics, 8(December), 209-220. Wallace, H., Pollack, M., and Young, A. (2010). Policy – Making in the European Union, 6th Edition. Oxford: Oxford University Press. Wessels, W. (2000). Die Öffnung des Staates. Modelle und Wirklichkeit grenzüberschreitender Verwaltungspraxis 1960-1995. Wiesbaden: Springer Fachmedien Wiesbaden.

Websites https://www.transparency.org/country/ http://www.heritage.org/index/ http://www.doingbusiness.org/rankings http://reports.weforum.org http://worldjusticeproject.org/rule-of-law-index http://www.pewglobal.org https://www.imf.org/ http://financial.thomsonreuters.com

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Published

2016-06-30

How to Cite

PĂUN, C. (2016). Economic Consequences of BREXIT after the British Referendum. Management Dynamics in the Knowledge Economy, 4(2), 307–316. Retrieved from https://www.managementdynamics.ro/index.php/journal/article/view/179

Issue

Vol. 4 No. 2 (2016): Issue 12

Section

Articles

License

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