Economic aspects of Brexit

Sergei Dolgov and Yuri Anatolievich Savinov
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Yuri Anatolievich Savinov: Russian Foreign Trade Academy, Moscow, Russia

Russian Foreign Economic Journal, 2016, issue 9, 3-22

Abstract: In the article the authors consider the causes and consequences of the referendum on the UK leaving the European Union in June 2016. The intrinsic regionalism factors that contributed to the backlash to the referendum questions are identified. Based on the results of the referendum, the authors analyze the possible difficulties in developing new terms of trade agreements with other EU states, as well as the options for the entire complex of relations with the European countries.The features of settling the trade issues within the World Trade Organization are revealed. Finally, the possible effects of the UK decision on Russia's foreign trade are examined.

Keywords: The United Kingdom; EU referendum; Exit from the EU; Brexit consequences; implications for the EU partners; trade negotiations; trade and economic relations with other countries; the European Free Trade Association. (search for similar items in EconPapers)
Date: 2016
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