• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site

Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Alena Pystina
Expected Trade and Economic Consequences of Brexit for United Kingdom
World Economy
(Bachelor’s programme)
2019
The aim of this paper is to identify the trade and economic consequences of Brexit for the UK. The author considered the theory and background of the formation of European Communities. It was revealed that the European integration brought tangible benefits to its participants. It is shown that the success of European integration in the 20th century, the global tendency towards integration, the loss of Britain’s status as a great power were the main grounds for its entry into the EEC. However, in terms of politics, church, law, geography and economics, Britain has always been different from the continental Europe. It was found that such particularities of Britain, as well as the trend to euroskepticism and escalated migration problem led to the victory of «brexiters» in the EU referendum in June 2016. The work explores a completely new phenomenon - a voluntary exit from the largest integration unity, the EU. Legally this exit can be implemented only on the basis of the Article 50 of the Lisbon Treaty. The author emphasized on the future prospects of Britain's trade and economic relations with other countries, particularly, on three possible models: Norwegian, Swiss and Canadian. It is noted that the Norwegian model agreement may be more favorable for Britain. The author also considers the option of leaving Britain from the EU without an Agreement. However, both in case of Brexit with deal, and in case of no-deal Brexit, Britain might expect a number of negative consequences: slower economic growth, rising trade costs, less investment, reducing of the importance of London as a global financial center, reputational damage, problems with labor mobility and provision of its domestic markets. The only question is the extent of these deteriorations. It is highlighted that it is hardly possible to give any accurate forecasts and fully assess the economic consequences of Brexit because of the high degree of uncertainty that has developed around this process.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses