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GTAP Resources: Resource Display

GTAP Resource #5400

"Costs and benefits of a United Kingdom exit from the European Union"
by Steininger, Marina and Gabriel Felbermayr

Is it possible to take part in the economic advantages of the European project without having to bear the associated political costs of relinquishing sovereignty?

Proponents of the United Kingdom leaving the European Union – the Brexit (“British Exit”) – believe that the answer to this question is yes.2 Opponents see economic unification above all as a means for creating a political community in Europe. And many pragmatists think that true, deep economic integration without a minimum of common political institutions is impossible. Therefore, the idea of gaining economic advantages without sacrificing a certain amount of political leeway is simply fiction. You can’t have your cake and eat it, too. We can’t have both things at the same time - the benefits of deep economic integration and complete political flexibility.

Resource Details (Export Citation) GTAP Keywords
Category: 2017 Conference Paper
Status: Published
By/In: Presented at the 20th Annual Conference on Global Economic Analysis, West Lafayette, IN, USA
Date: 2017
Created: Felbermayr, G. (4/17/2017)
Updated: Felbermayr, G. (4/17/2017)
Visits: 2,630
- Foreign direct investment
- Non-Tariff barriers
- Preferential trading arrangements
- European Union

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