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Abstract:

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CentrePiece Article
Brexit: the economics of international disintegration
Thomas Sampson
March 2018
Paper No' CEPCP526:
Full Paper (pdf)

CentrePiece 23 (1) Spring 2018


JEL Classification: F1; F5; F6


Tags: brexit; european union; trade agreements; quantitative trade models; globalization

Pro-Brexit rhetoric mixes up two distinct interpretations of what made people vote to Leave the European Union – and they have very different policy implications. As Thomas Sampson explains, those voters wanting to reclaim sovereignty may view the likely negative economic impact as a price worth paying. But ‘left-behind’ voters blaming Europe for their economic problems will need policies other than Brexit to address the underlying causes of their discontent.

This article summarises ‘Brexit: The Economics of International Disintegration’ by Thomas Sampson, Journal of Economic Perspectives, 31(4): 163-84 (earlier version available as CEP Discussion Paper No. 1499, September 2017.