Economic aspects of Brexit

Authors

  • Sergey Ivanovich Dolgov Russian Foreign Trade Academy
  • Yuri Anatolievich Savinov Russian Foreign Trade Academy

Keywords:

the United Kingdom, EU referendum, Exit from the EU, Brexit consequences, implications for the EU partners, trade negotiations, trade and economic relations with other countries, the European Free Trade Association

Abstract

In the article the authors consider the causes and consequences of the referendum on the UK leaving the European Union in June 2016. The intrinsic regionalism factors that contributed to the backlash to the referendum questions are identified. Based on the results of the referendum, the authors analyze the possible difficulties in developing new terms of trade agreements with other EU states, as well as the options for the entire complex of relations with the European countries. The features of settling the trade issues within the World Trade Organization are revealed. Finally, the possible effects of the UK decision on Russia’s foreign trade are examined.

Author Biographies

Sergey Ivanovich Dolgov, Russian Foreign Trade Academy

Doctor of Economic Sciences, Professor
Place of work, post: Russian Foreign Trade Academy - Сhief Research Officer

Yuri Anatolievich Savinov, Russian Foreign Trade Academy

Doctor of Economic Sciences, Professor
Place of work, post: Russian Foreign Trade Academy, Department of foreign trade and international transactions - Professor

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Published

2024-02-08

How to Cite

Dolgov, S. I., & Savinov, Y. A. (2024). Economic aspects of Brexit. Russian Foreign Economic Journal, (9), 3–22. Retrieved from https://journal.vavt.ru/rfej/article/view/2342

Issue

No. 9 (2016)

Section

World economy

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