The aim of this term paper is to present the possible consequences for the United Kingdom after the implementation of the Brexit. First of all, it is dealt with the development of the Brexit over the last three and a half years. Next, the UK's relationship with the rest of the world and its economic situation will be described. Then the possibilities for the United Kingdom to continue using the global economic market after leaving the EU are discussed. Based on these options, the consequences that can result from a Brexit are then discussed. Special attention will be paid to foreign direct investment, as this is of partic-ular importance for the British economy. Finally, the results are summarized in a conclusion.
Inhaltsverzeichnis (Table of Contents)
- Introduktion Brexit
- Approach
- Timeline of the Brexit
- National Economy of the United Kingdom
- Economic relationships with the European Union
- Economic situation of the United Kingdom
- Current options for the economic relations of the
United Kingdom
- The Swiss model - bilateral agreements
- The Norwegian model - European Economic Area
- Economic consequences of the Brexit
- UK trade of goods
- Foreign direct investment in the United Kingdom
- British service sector
- Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This term paper aims to analyze the potential consequences for the United Kingdom following the implementation of Brexit. The paper focuses on the development of Brexit over the past three and a half years, the UK's economic relationship with the rest of the world, and the options for the UK to maintain its global economic market access after leaving the EU.
- The impact of Brexit on the UK economy
- The implications of Brexit for UK trade
- The potential consequences of Brexit for foreign direct investment in the UK
- The role of the British service sector in the context of Brexit
- The future relationship between the UK and the EU
Zusammenfassung der Kapitel (Chapter Summaries)
The first chapter introduces the concept of Brexit and provides a timeline of key events. The second chapter examines the UK's national economy, including its economic relationships with the European Union and its overall economic situation. The third chapter explores different models for the UK's economic relations with the EU after Brexit, such as the Swiss and Norwegian models. The fourth chapter delves into the potential economic consequences of Brexit, focusing on UK trade of goods, foreign direct investment, and the British service sector.
Schlüsselwörter (Keywords)
The central keywords and focus topics include Brexit, the UK economy, trade, foreign direct investment, service sector, European Union, economic relations, bilateral agreements, and the European Economic Area.
Frequently Asked Questions
What are the primary economic consequences of Brexit for the UK?
The primary consequences include impacts on the trade of goods, changes in the British service sector, and potential shifts in foreign direct investment (FDI).
What is the "Swiss model" in the context of Brexit?
The Swiss model refers to a relationship based on multiple bilateral agreements between the United Kingdom and the European Union.
What is the "Norwegian model" for economic relations?
The Norwegian model involves membership in the European Economic Area (EEA), allowing access to the single market while remaining outside the EU.
Why is foreign direct investment (FDI) particularly important for the British economy?
FDI is a crucial driver of economic growth and employment in the UK; Brexit creates uncertainty that could influence the attractiveness of the UK for international investors.
How does Brexit affect the British service sector?
As the service sector is a dominant part of the UK economy, Brexit poses challenges regarding regulatory alignment and market access for services like finance and consulting.
- Quote paper
- Anonym (Author), 2020, Economic Consequences of Brexit, Munich, GRIN Verlag, https://www.grin.com/document/953145
