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Relationship between Great Britain and Europe
Relationship between Europe and Britain
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The term “Brexit” is the fusion of two words “British” and “exit”. In the recent June 2016 referendum held in UK, 51.9% people of the UK voted to leave the European Union (EU), resulting UK to withdraw from the EU and making it a complex separation phenomenon which has caused severe economic and political changes for the UK and other countries.
The result which was announced on the morning of 24 June showed that 51.9% voted in favor of leaving the European Union whereas 48.1% voted in favor of remaining a member of the European Union as shown in the table:
It is for sure that the UK and the other EU would be directly or indirectly affected by Brexit. According to a survey, it is found that many businesses in UK are already worried about the
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So it certain that due to the sharing of the land border with each other, Ireland has a deep connection with the United Kingdom in relation to trade, supply, language, migration and culture. Ireland exports billion worth of goods and services from the UK. According to a survey done in 2013, Ireland exported €14.8 billion worth of goods and €5.8billion of services to the UK. This is equivalent to almost around 12% of GDP which is relatively higher than any other member states .Likewise, Ireland’s relationship with the UK is deep and is highly expanded. According to the survey held in 2013, Irish firms have invested over €13 billion in the UK with the earnings of more than €800 million which is equivalent to almost 0.5% of GDP. However, Ireland has a small investment compared as to the UK. The UK has invested around €51.2 billion in 2o13 which is nearly equivalent to 30% of Irish GDP. Similarly, financial links between these two countries are powerful. Several international banks in operations which located in Dublin are closely integrated with each other. Also many private equity funds are in operation in and out of Dublin which are in close relation with UK will be forced to take down their business from London as a result of Brexit. Thus the UK and Ireland are instinctive collaborators with each
The European Union has been helped economically ever since World War II. Right after World War II’s end, Europe was struggling to hold on. The countries of the modern-day European Union thought it would be a good idea to come together and help each others struggling economy. To this day, this decision has had a very positive outcome on the EU’s economy. As shown in Diagram 1, the European Union combined together has the world’s highest GDP at 18.3 Trillion USD as compared to the United States’ 17.4 Trillion USD GDP and China’s 10.4 Trillion USD GDP. The idea
In 2012, President Obama introduced the Deferred Action for Childhood Arrivals (DACA) program for young people who had been residing in the United States at least five years prior to the bill’s passing. DACA was the most significant provision from the Obama administration that aimed to help undocumented youth be integrated in the American society. It protected them from deportation and allowed them to obtain a state identification, work permit, and Social Security number. The immigrant communities celebrated this bill as it had been a long time since there was a significant change in the country’s immigration policy. However, the current administration and government pose a serious threat to the beneficiaries of the DACA program as well as
In conclusion, the benefits of the UK’s membership in the EU outweigh the costs. The most significant benefit is the access they have to the single market as this has managed to benefit quite Access to single market is aiding this inward investment
"Opinion Polling for the Scottish Independence Referendum, 2014." Wikipedia. Wikimedia Foundation, 16 Apr. 2014. Web. 17 Apr. 2014. .
On the other hand, UK is playing a major role in the single market. Thus, by leaving this market, UK
...s particularly evident in Ireland where attractive tax regulations have lead to the influx of American technological companies. Finally there is little attention given to geographical scale within Gereffi’s model. Yes, geography of commodities is recognized on a global scale but the approach neglects the formation of regional and sub-national chains in order to support the larger global chains. (Smith et al 2002)
labor was scarce and relatively dear. A decline in the birthrate, as well as increases in
The United Kingdom was a member of the European Union. The European Union is an example of the second most integrated arrangement, the economic union. Therefore, voting to leave is a direct effort to reverse regional economic integration.
"Ireland top location for US Multinational Profits." Finfacts Ireland. Finfacts, n.d. Web. 9 Oct 2011. .
The Swiss federal government is greatly divided over joining the European Union (EU). In a March 2001 referendum 70% of Swiss voters rejected steps toward EU membership (The World Factbook, 2007).
...he squatter camps of the city which they are living. Moreover slums are also the source of all kinds of social evils such as drugs and prostitution because of the lowest security.
The final cause for the Brexit vote is likely to be the lack and failure of support for the Remain campaign. First, “Project Fear”, a strategy to convince the poorer areas of England, sparked backlash among British citizens, and also utilised by Leave campaigners as a way to demonstrate elite interest. The main message of Project Fear was that Britain would be economically worse off if it were to leave the EU. The campaigners who utilised this strategy were members of prestigious bureaucracy such as the OECD and the IMF. However their appeals were neither positive nor emotional, but in fact purely negative and economical, which were made unpopular by Leave campaigners who interpreted, and claimed it as an “arrogant, selfish, unaccountable ” elitist interest, rather than an interest for the whole of UK.
On the one hand, without international relations from the EU, Britain is economically and socially vulnerable. While Britain’s exit from the EU may define Britain’s power according to British citizens, the type of power that matters is relative power, which is the power when it is being compared to other states. If the other states do not recognize Britain as a force of power, then its exit from the EU is pointless. On the other hand, by discontinuing the benefits granted by the EU, Britain declines the assistance that could have helped the country to become more powerful. In other words, Brexit decreases a source of gathering power for Britain, since the EU not only offers economic opportunities, but it also provides useful information so that the member states can behave accordingly. Overall, realism suggests that while Brexit increases Britain’s confidence in being powerful, it also decreases the country’s power in a way.
With the introduction of the Euro Zone allowed the Anglo and INBS to compete in the Irish market. Unfortunately, this resulted in the willing...
would decline all its influence in EU rules, and it will stop following them, also the financial services passport will remain, but over time it values remain. Also Britain will contributes to EU budget, but will pay less, than countries in EU. But this scenario have few problems, first in that case Britain will have to get concessions not only in pro- migration Ester Europe, but also from France and Netherlands, , which do not want to set a precedent for anti-EU populists. Also, second problem, that it could be not enought for Britain. Because EU thinks, that they can find compromise, just then when it is on carefully limited migration curbs. And also, EU wants that Britain will be a rule-taker on the single market, and listen and follow EU on everything from financial services to digital policy. Also this scenario could be that , relations between Britain and the EU would be strained, but solid enought to agrre on tariff transition, and also agree trade terms. Also it is clear that Eu and Brtiain will not agrred on sovereignty or immigration, because the price is to high, and they will not find solution which will be good for both sides. But it is big chance that agreement on trading, will be successful, because if not both side will have