The Eu Referendum - 1186 Words

Personal Statement Contradicting views of the most senior economists is what first ignited my desire to understand and interpret vast global problems like that of the EU Referendum. A section of Macroeconomics that I find particularly fascinating is protectionism and, more so, how it has been able to reverberate globally; leading to a surge of Western economies readopting similar protectionist stances. China for example, one of the world’s fastest growing economies, has been purchasing one-billion dollars a day with Chinese Yuan to artificially weaken their own currency- leading to huge net export imbalances in the US. It seems no coincidence therefore that President Elect Donald Trump’s protectionist policies proved to be so favoured that he won the election. This protectionist stance is very risky but has shown to be worth the risk for China’s economic growth. I find that this dedication to their stance of protectionism fascinating. The fact they can manipulate the value of their own currency to ensure domestic firm’s growth with little to no consequence because the World Trade Organisation has no real control on countries breaking contracts and agreements with other countries’. To myself this strain of events suggests that more of the world’s leading economies could start to take this approach because of how successful it was for China. In fact, the UK’s vote for Brexit and US electorates decision to elect Donald Trump further demonstrates this movement away fromShow MoreRelatedThe Eu Referendum850 Words   |  4 Pagesm not going to discuss the EU Referendum directly duly because the questioner was referring to the immigrant crisis I believe. Y-es, the areas of discourse are thinly interlinked alth ough, I ll quickly state that I see the immeasurable issues separately. I ll do my utmost to be succinct among fields of rhetoric. My stance isn t flowered with dreaded hyperbole from project fear which may surprise you. I take heed of the scheduled course via analyzing the EU Parliament responses of 28Read MoreThe Referendum And Its Impact On The Uk Constitution1244 Words   |  5 PagesT. Tridimas and V. Bogdanor believe that the referendum has once and for all asserted the supremacy of the people over Parliament as they are the one who decided to leave, and who had the final the say on the decision. To give my opinion on this statement, I will first examine the referendum and its impact on the UK constitution and then assess how Parliamentary sovereignty was affected by the decision to leave the European Union. The EU Referendum was held on 23 June 2016 and a majority of theRead MoreThe Gnp Should Support A Second Independence Referendum1516 Words   |  7 PagesThe GNP should support a second independence referendum in Glebeland because the call for a second independence referendum would bring benefit to this country. Different from its name, the United Kingdom, instead of using federalism, is a unitary state. Even though Glebeland has its own culture and language, being a member country of the United Kingdom, it only enjoys limited power delegated from the central government of the United Kingdom. Because of the diversity in culture, Glebeland needs aRead More‘the Major Uk Parties Agree More over Europe Than They Disagree.’ Discuss1277 Words   |  6 Pagesactions of the major UK parties that concern the EU and be able to conclude to what extent they agree over Europe. The most obvious example of agreement between the three major UK parties is that they all favour UK membership of the EU, and none of them have expressed interest in entirely leaving Europe. They are all committed to the European Single Market, as by standardising national regulations, the single market makes it easier to do business in the EU and contributes to faster economic growth.Read MoreThe Issue Of Constitutional Propriety1497 Words   |  6 Pagesproblem is whether the Scottish Government has the authority to block the UK Parliament from re-reserving powers returned to the UK after leaving the EU. The matters that are currently reserved by the UK parliament are laid out in Schedule 5 of the Scotland act 1998 and include: defence, immigration, foreign policy and many more. The process of leaving the EU, through the triggering of Article 50, and the subsequent ‘Great Repeal Bill’ would result in the immediate repeal of the European Communities ActRead MoreWhat Is The Likelihood Of A French Withdrawal From The EU?1017 Words   |  5 PagesTo determine the likelihood of a French withdrawal from the European Union, the pre-referendum conditions the lead to the UK’s withdrawal will be compared current conditions in France. If the condition sets are similar, a frexit may ensue. The main conditions that will be explored are: the economics comparison between France and the EU; the will of the French public in comparison to populism; and the public perception of French politicians, is even populism relevant? Economically, France isRead MoreUk s Membership Of The European Union1417 Words   |  6 Pagesin-out referendum on the UK’s membership of the European Union (EU) has caught the attention of people around the world. A number of debates about the UK should remain in or leave the EU has been held. Undoubtedly, the upcoming referendum could bring country risk exposure, particularly country-specific economic risk. It is impossible to know the exact answer before the referendum. However, the trade-off that the UK would face would be the same regardless of it is inside or outside the EU (DhingraRead MoreThe Eu And The European Crisis1715 Words   |  7 Pagesall of the austerity cuts the EU wanted Greece to implement because these cuts would upset some of Greece’s citizens. The EU’s top priority from these negotiations was to make sure Greece would reduce the amount of debt they would be taking on each year. The way the EU was going to make this happen was by m aking sure Greece implemented austerity cuts. The IMF was not really interested in making Greece implement austerity cuts. (IMF and EU Loggerheads article) The EU and the IMF wanted to help GreeceRead MoreThe European Union ( Eu )1223 Words   |  5 PagesThe European Union(EU) contains just 7% of the world’s population, but produces 1/3 of the world’s Gross National Product (Delegation of the EU to the US). A single market merges all 28 countries of the EU into one economic free-trade zone with no trade tariffs imposed on one another. The EU accounts for 51% of all trade that the United Kingdom (UK) conducts with the world (The Data Team 2). Since its admittance to the Union in 1973, Britain’s economy has grown from 326 million Euros per capita toRead MoreThe Prime Minister David Cameron909 Words   |  4 Pagesspoken on the June 23 referendum that they want their country out of the European Union. The 52 percent of them supported Brexit, or Britain s exit, while the rest favored staying in the regional group. The decision has thrown the United Kingdom, Europe and the world into a political and economic vortex of uncertainty, which is likely to be worse before it gets better. In the United Kingdom, the Conservative Prime Minister David Cameron, who had led the campaign to stay in the EU, announced that he