Is the World Ready for Brexit?
Back in 2017, the United Kingdom (UK) announced it would begin the process of removing itself from the European Union (EU), a movement that is set to finish in 2019. The finish date has since been taken under reconsideration, due to the E.U. and U.K. not being able to come to agreements on different issues.
In a 2016 referendum, while the removal was in its early phases, only 52 percent of voters supported leaving the E.U., a very small margin for such a big decision.
The E.U. consists of 28 nations, including Spain, Germany, France, Greece, and Italy, amongst others. The total population of the E.U. is over 500 million people, and is responsible for almost 25 percent of the global gross domestic product (GDP).
I believe the removal of the U.K. from the E.U. will have a detrimental effect on the E.U., the United States, and the world collectively. With its withdrawal, many factors will have to be taken into consideration, such as how it will affect the economy, political relationships, and military forces.
The U.K. allows many immigrants from northern Africa and the Middle East into its countries. This major influx has had a dramatic impact on the nation, and that migrant flow would end abruptly with Brexit. In addition, a nation’s economy can be highly influenced from travelers vacationing. Britain’s removal from the E.U. will force the European Community to redesign travel matters and open borders, which could negatively impact the U.K.
Furthermore, the E.U. and U.K. cannot seem to agree on border issues related to Northern Ireland. Borders and security are big issues that need to have a strongly discussed resolution, but time is running out. A referendum to push back Brexit’s date is under consideration, largely because of the inability of leaders in the European Union to reach conclusions.
Too many things must be very well discussed, and the U.K. and E.U. are running out of time. Therefore, I believe the world is not yet ready for Brexit, and will not be by 2019.