Home Politics Brexit: implications for Europe and the world

Brexit: implications for Europe and the world

by Benjamin Baker

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The UK’s decision to leave the European Union (Brexit) has been one of the most significant political events of recent years. This decision has affected not only the country’s domestic affairs, but also its international relations and economic ties. Since the vote in 2016, the consequences of Brexit have continued to be debated.

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First of all, Brexit has affected the economic relations between the UK and the EU. The new trade agreement has led to increased trade barriers and additional costs for companies. Economists predict that, despite the possible benefits, the medium-term consequences will be rather negative for both sides.

Politically, Brexit has also become a catalyst for the debate on nationalism and regionalism. It has inspired other countries to debate about leaving international unions, which could lead to further disintegration of the global order. However, Brexit has also postponed many issues, such as immigration and land policy, making it a difficult issue for governments.

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