The impact of Brexit on Israel and neighbouring Arab states in times of the COVID-19 crisis

Dirk Kohnert

MPRA Paper from University Library of Munich, Germany

Abstract: The combined impact of Brexit and the COVID-19 pandemic on British foreign- and trade relations to Israel and its Arab neighbours constitute a particularly sensitive case. A destabilization of these countries could impact seriously stability and security, not just of the Middle-East region, but on the whole world. So far, the preliminary effects are ambivalent. Whereas Britons entertained reasoned hope for a ‘Corona miracle’ and a marvellous economic recovery in 2021, the prospects for Israel, the occupied Palestinian territories, Lebanon, Jordan and Egypt were less rosy. Presumably, Brexit is likely to harm the United Kingdom in the medium and long run. The post-Brexit impact on Israel and its Arab neighbours will be negative as well, but probably only be felt in the medium and long term also. However, the direct and indirect negative effects of the global COVID-19 crisis will by far outdo the Brexit impact.

Keywords: Brexit; COVID-19-pandemic; Corona; economic growth; Israel; Palestine; Lebanon; Jordan; Egypt; United Kingdom; international trade; free trade area; customs union; Anglosphere (search for similar items in EconPapers)
JEL-codes: F13 F15 F22 F52 F68 I14 N1 N40 O24 O5 Z13 (search for similar items in EconPapers)
Date: 2021-08-08
New Economics Papers: this item is included in nep-ara, nep-cwa, nep-int and nep-isf
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Related works:
Working Paper: The impact of Brexit on Israel and neighbouring Arab states in times of the COVID-19 crisis (2021)
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