Brexit: a precarious step toward de-globalization
In 2016, to the astonishment of Great Britain and the rest of the world, the UK became the first country to leave the European Union. This study analyzes the motives behind the revolutionary decision known as “Brexit”, examining the economic impacts on the different stakeholders involved. Moreover, this study builds on previous research, presenting a new approach to understanding Brexit from the resource-based and institution-based views. With use of data from economic prospects and government documents, the researcher surveyed the benefits and challenges of Brexit for Great Britain as a whole, for its businesses, and for its citizens. The findings reveal that Britain will survive the exit from the union, but it will be economically worse-off and a more inward-looking place. The study concludes that this event perfectly aligns with the forecast that the world is heading toward de-globalization.
BUS 219, Global Business
Timothy Veach
1 – 2 PM
P114
1 – 2 PM