This essay seeks to discuss the impact Brexit is likely to have on both UK and Europe. The essay will be divided into three sections. Section one will discuss briefly the journey to the formation of the EU, then continue with UK’s membership in 1973 and discuss events that occurred after gaining membership. The section two will discuss five probable impacts UK is likely to face in the post-Brexit era. It will discuss the change of trade within Europe, the new posture trade is likely to take as a result of new trade policy, effect Brexit is likely to impact on financial services, the tightening of immigration, and UK’s loss of influence in the international world. The third section will discuss the effect of Brexit on Europe. It will discuss business finding it costly to relocate investment from UK, how Brexit will affect remittance migration to the extent of political contagion, how Brexit is likely to create a gap in the budgetary of the EU, the effect Brexit is likely to take EU’s influence in the international world and how Brexit breeds uncertainty which is bad for business in the EU and risks political contagion.
Table of Contents
- The Journey to the Formation of the EU and UK's Membership
- Probable Impacts of Brexit on the UK
- Effect of Brexit on Europe
Objectives and Key Themes
This essay aims to analyze the likely impacts of Brexit on both the UK and the European Union. It explores the historical context of the UK's EU membership, examining key events and decisions leading to the referendum. The essay then delves into the potential consequences of Brexit for the UK and Europe across various sectors.
- The historical development of the European Union and the UK's complex relationship with it.
- The potential economic consequences of Brexit for the UK, including trade, financial services, and immigration.
- The potential economic and political consequences of Brexit for the European Union.
- The impact of Brexit on the international influence of both the UK and the EU.
- The role of sovereignty and national identity in the Brexit debate.
Chapter Summaries
The Journey to the Formation of the EU and UK's Membership: This section traces the development of the European Union, starting from post-World War II cooperation initiatives like the OEEC and ECSC. It highlights the UK's initial reluctance to join, emphasizing key moments like de Gaulle's veto and the contrasting approaches of British and continental European politics. The chapter explores the UK's eventual entry in 1973 and its subsequent ambivalent relationship with the EU, marked by a pursuit of neoliberal policies and resistance to closer political integration. The narrative culminates in the factors that contributed to the growing discontent within the UK regarding EU membership, paving the way for the Brexit referendum. This section underscores the historical and political complexities underlying the UK's decision to leave the EU, examining missed opportunities for deeper integration and highlighting the persistent tension between British pragmatism and the EU's pursuit of a more unified political project. The chapter uses historical examples and quotes from key political figures to support its arguments.
Probable Impacts of Brexit on the UK: This section focuses on the potential consequences of Brexit for the United Kingdom. It examines various sectors, predicting changes in trade within Europe and globally, analyzing the potential impact on the UK's financial services sector, and forecasting the effects on immigration policies. The chapter further explores the likely reduction in the UK's international influence. It draws upon existing literature and expert opinions to assess the economic and political ramifications of leaving the EU, presenting a multi-faceted picture of the challenges and opportunities Brexit may create for the UK. By analyzing various sectors, this section provides a comprehensive assessment of the wide-ranging consequences of Brexit on the UK.
Effect of Brexit on Europe: This section shifts the focus to the predicted impact of Brexit on the European Union. It explores the potential economic consequences, such as increased costs for businesses relocating investment from the UK, the effect on remittance migration and EU budgetary concerns. The analysis extends to the EU's international influence and the overall uncertainty created by Brexit, which could negatively impact businesses and political stability. This section illustrates how Brexit could reverberate across the EU, creating economic and political ripple effects. The chapter employs a blend of economic analysis and political commentary to provide a nuanced understanding of the challenges faced by the EU in the post-Brexit era.
Keywords
Brexit, European Union, UK, EU membership, trade, financial services, immigration, sovereignty, national identity, economic impact, political impact, international relations, neo-liberal policies, European integration.
Frequently Asked Questions: Brexit - A Comprehensive Analysis
What is the purpose of this document?
This document provides a comprehensive preview of an essay analyzing the impacts of Brexit on both the UK and the European Union. It includes the table of contents, objectives, key themes, chapter summaries, and keywords.
What topics are covered in the essay?
The essay explores the historical context of the UK's EU membership, leading up to the Brexit referendum. It then delves into the potential economic and political consequences of Brexit for both the UK and the EU, covering topics such as trade, financial services, immigration, international influence, and the role of sovereignty and national identity.
What are the key themes of the essay?
Key themes include the historical development of the EU and the UK's relationship with it; the economic consequences of Brexit for the UK and EU; the impact of Brexit on the international influence of both entities; and the role of sovereignty and national identity in the Brexit debate.
What does the chapter on "The Journey to the Formation of the EU and UK's Membership" cover?
This chapter traces the development of the European Union from post-World War II initiatives, highlighting the UK's initial reluctance to join, its eventual entry in 1973, and its ambivalent relationship with the EU. It explores the factors contributing to growing discontent within the UK regarding EU membership, leading to the Brexit referendum. It examines the historical and political complexities underlying the UK's decision.
What does the chapter on "Probable Impacts of Brexit on the UK" cover?
This chapter focuses on the potential consequences of Brexit for the UK, examining its effects on trade (both within Europe and globally), financial services, immigration policies, and the UK's international influence. It uses existing literature and expert opinions to assess the economic and political ramifications.
What does the chapter on "Effect of Brexit on Europe" cover?
This chapter analyzes the predicted impact of Brexit on the European Union, exploring potential economic consequences such as increased costs for businesses, effects on migration, and budgetary concerns. It also examines the impact on the EU's international influence and overall political stability.
What are the key words associated with this essay?
Key words include Brexit, European Union, UK, EU membership, trade, financial services, immigration, sovereignty, national identity, economic impact, political impact, international relations, neo-liberal policies, and European integration.
What is the overall goal of the essay?
The essay aims to analyze the likely impacts of Brexit on both the UK and the European Union in a comprehensive and multifaceted way, considering historical context and diverse perspectives.
- Quote paper
- Esther Onomah (Author), 2018, Effect of Brexit on the European Union and the UK, Munich, GRIN Verlag, https://www.grin.com/document/509721
