The World 's Economy And Lowering Its Credit Rating

John May hand Keynes said “This treaty threatens the health and prosperity of the Allies themselves. By making impossible demands it leaves Europe unsettled than it found it”.

With the infamous “Brexit” vote in 2016, the United Kingdom’s (UK) separation from the European Union (EU) was only the start of the union’s eventual downfall. Upon exiting the EU, the UK also chose to leave the EU’s Single Market, causing friction for UK manufacturing firms. The Single Market Strategy removed internal borders and other regulatory obstacles between EU states in regards to trade. The function of the Single Market was to “stimulate competition and trade, improve efficiency, raise quality, and cut prices.” However, with “Brexit”, the UK lost rights to sell to into the European markets without discrimination. Huge tariffs were placed on EU imports that caused financial distress to

The issue of whether or not the United Kingdom should remain a member of the European Union has been debated heavily over the past decade, with the debate heating up even more from the current European Sovereign Debt Crisis. Recent polls of the UK population showed that around half of the UK’s citizens would vote to pull out of the EU if it went to referendum. However, after all of the economic, political, and social advantages of being a member of the EU are considered, it remains clear that leaving the EU is not in the UK’s best interest. Economically, it does not make sense for the UK

The outcome of the Brexit referendum in June last year came as a surprise to a lot of people, though surveys showed that the outcome would be close. It was predicted that ‘Remain' would win with a tight majority, yet, politicians underestimated the resentment British citizens had cultivated against the perceived domination of the European Union. Citizens voted to win back sovereignty, but as the recent negotiations show the United Kingdom has won anything but that. This essay analyses how the EU dominates Britain in the divorce negotiations by employing John Scott's theory of structures of domination. Access to the single market is the main incentive the EU offers Britain for accepting their conditions of the Brexit. This characterises the EU as the

While the contributions of all member-states in the EU have been important and appreciated, the UK has brought a lot to the table that many other countries couldn’t. For example, the UK’s influence and the weight of just its name. For hundreds of years the UK has been powerful and if it had something to say, the world would listen. When the UK joined the EU it was a monumental victory for the existing member parties, because it meant that a powerful country, that could bring credibility and importance to a coalition previously lacking in both areas, would be joining their ranks.

While our relations with our neighbors and other members of the European Union could possibly improve with more trade, our relations with superpowers would likely become tense. Because large states use economic and military capabilities as means for power, they act on similar behaviors. Superpowers are suspicious to other states, and see most as threats to their own survival in the international system (Mearscheimer, 17). Great powers fear states with large populations and growing economies Some could say that because this look into state behavior focuses on superpowers amongst one another, it would not apply to a great power reacting to a smaller state like

The European Union was established as an economic and political partnership between 28 European Countries (European Union, 2015). The UK has been stayed in the EU for over four decades from 1973 to now. In 1975, Labour Prime Minister Harold Wilson had ever held a referendum on Britain’s membership in the EU and the voting result is to stay in the European Community. Recently, the article (BBC NEWS, 2015) reported that the UK has a plan to hold the second referendum by the end of 2017 to decide whether or not the UK should stay in or leave the European Union. This might be a significant referendum that may bring lots of impacts on the UK’s economy.

In 2017, the people of Great Britain will make a straight choice, whether to stay in the European Union or leave it. Staying in the organisation will, with some reform, help boost trade, create jobs and empower power. The prospects of leaving however are not so good. Millions of jobs lost, our economy tarnished and living standards plummeting all just to give our politicians some more power to make laws. In this essay I will detail why staying in the EU is the right thing to do for our people and we must leave the powerhouse at our own peril.

“Whatever happens, Britain will surely require vast new numbers of bureaucrats, people to work on the new arrangements and people to enforce them. It will almost certainly turn out that Britain saved money by being part of Europe, because economies of scale made regulation much cheaper. It will almost certainly turn out that Britain was more powerful — with more sovereignty — when it was part of a large organization with international clout. Many of the other parties to those 759 deals will seek to take advantage of an isolated country with far fewer allies. British consumers, workers and entrepreneurs will pay the

The future of the United Kingdom has never been so uncertain. The British Prime Minister, David Cameron, is keeping the promise he made in 2015, to hold a referendum on whether or not the United Kingdom should remain a member of the European Union. The referendum will take hold on Thursday, 23rd of June of this year. But the results of the last opinion poll held on April 12th to 14th, show, that the British public is fairly evenly split, as 40% want to remain in the European Union and 39% want to leave. The members of the United Kingdom Independence party and other British keen to leave the Union, argue that the UK and its policy makers are being held back and manipulated by the EU, who make too many rules for business, immigration laws and charges billions of pounds a year in membership fees for little in return and undermining the British interests. However, the UK’s investment in the membership and acceptance of rules of the EU, gives the UK far more benefits by allowing it to grow academically, economically and ensures safety for all its citizens and is therefore better off staying a member of this peacemaking Union.

The two prevailing opinions regarding the European Union are that the United Kingdom should either withdraw from the EU or renegotiate to give the UK greater independence from it. These views are not in keeping with the increasingly globalised and international nature of society and are based largely on myths and misinformation.

“We are with you, but not of you,” the famous quote by Winston Churchill in 1948 what unofficially stated Great Britain’s political position towards Europe. Great Britain has been an awkward partner in Europe for a long time. Non-willingness to be described as a part of Europe, the refusal to join European Coal and Steel Community in 1951 (predecessor of the European Community and European Union), the willingness to go ‘only wider, but not deeper’ in case of European Union expansion, and the fear of losing her national identity and becoming a

The United Kingdom’s vote to leave the European Union has been an hotly politicized and debated topic. There are many nuanced social and economic consequences of the Brexit vote, and many major news outlets in America have generalized and exaggerated the decisions as a disaster. The intent of this paper is to more closely examine the implications and repercussions of the Brexit vote and to determine if the UK will potentially be more positively affected by the change than commonly believed. Research pertaining to the EEA member Norway and its non-member status in the EU, the foreign direct investments in the UK, and on immigration patterns and benefits in the country allow for a more detailed understanding of the possible advantages to the Brexit vote. The research presented below will explicate the likely consequences of the UK emerging as a separate entity, absolved from the limitations and economic responsibilities of the EU, and how the topics of trade, immigration, the EEA, and FDI’s suggest that perhaps the UK stands to gain economically from the vote.

Meanwhile, the collapse of the Soviet Union has increased America's relative strength to the rest of the world. It made the US more willing to use force abroad whereas Europeans become more and more unwilling to use force.

Imperialism has been running through Britain’s veins for an extended time. It began roughly in the 16th century but gained new ground with the rise of New Imperialism around 1870. Imperialism allowed Britain to spread their world dominance and secure its place as a world power. Shortly after World War Two ended, the European Union, although known as the European Economic Community at the time, was created in order to prevent future outbreaks between neighboring countries. On June 23rd, 2016, Britain announced their referendum to leave the European Union. Britain’s history of being an imperialistic nation allowed Britain to exist the European Union because during imperialism they gained a sense of national identity, economic security, and control.