Brexit and Its Political-Economic Impacts
Subject Areas : Political and International Researches Quarterly
Keywords: European Union, Britain, Brexit, British exit, Political-Economic impacts,
Abstract :
he output of the Brexit referendum held on 23 June 2016 became apparent with all the ups and downs. With the final result of this referendum regarding country's continued membership in the European Union or its departure, London authorities officially announced that the referendum resulted in an overall vote to leave the European Union by 52%. Despite the results of the referendum, one of the main reasons that makes it difficult for the leader of the Great Britain to withdraw from the European Union is the political and economic upsets which of course are not far-fetched. Therefore in the current circumstances and according to the questions have been raised about the referendum, this paper is designed to be an easy-to understand guide on what are the political and economic impacts for the Great Britain and for the European Union, now that the Great Britain has voted to leave the European Union. In this regard and based on the proposed hypotheses, the final evaluation of Brexit's political impacts includes: destruction of the European Union, the victory of mass over the elite, failure of democracy, disintegration kingdom of Great Britain, escalation of conflicts among the Britain's parties, reduction of the security of Europe and immigration issues and Economic impacts such as: depreciation of the Sterling Pound and the Euro against the Dollar, decrease of the workforce, negative and somewhat positive effects on business and the economic slowdown
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