Brexit Obsolescence Globalization On 23rd June, 2016 in United Kingdom (UK) a referendum was passed which ignited debate, on world forum, whether to leave decision will lucrative for UKs future or not. Many economists argue to leave which can impact UK adversely and can further create a deficit or tapering of UK economy. But before being Pedant whether referendum was right or wrong, I would retrograde towards the formation of European Union. The establishment of EU was initiated in 1993 in Maastricht treaty, to foster economic growth of entire Europe while reducing all the tariffs of native countries and amalgamation of entire Europe counties under single market. But the question is why Euroscepticism and a version for EU immerged. For example, after the formation of EU, UK fishermen got the licence for fishing in European states, but gradually big fishing companies of France, Germany and Italy have acquired entire UK fishing market and home businesses for UK, including many bourgeoisies. Ms. Theresa May, the new president of UK is facing two major problems while maintaining balance between Hard and Soft Brexit. As Hard Brexit advocates to revamp all the immigration rules, new tax slabs for European companies, stiff commuters from entire Europe in UK (as labour and goods), therefore soft Brexit includes relaxation of tax’s for European companies and no tariffs on goods movement in entire UK from rest of Europe. But here came Donald Tusk (President of EU), who did not negotiate with Theresa on soft Brexit since she did not allowing free flow of labor from entire Europe to UK. Well, according to me, the migration from rest of the Europe to UK acted as a catalyst to Brexit referendum. Theresa May in her last speech spoke about Article 50, which will be implemented till 2019, which includes, the outlines of trade with rest of the world and with entire Europe after Brexit, stirring tax slabs for European companies operating in UK and unleashing most pertinent question (Immigration policies). In entire Europe, including America, Theresa May and Stephen Crabb (influential peoples of UK) were not in favor to leave, as said to leave would be a terrible belief. But the question is, how a country can resurrect its growth, if all the economic decisions, are decided by members of different countries, by European council, where total members of UK was 29 in council, as 1/15 UK members taking decision in favor of UK. It is so true that Germany, France and Italy, were over dominant to entire European Union, which is a deadly combination, as it was observed in past after 2008 crisis, where entire Greece was left with amnesty, awarded by these three nations. But the question prevails, whether Brexit was indication of anguish caused by globalization or whether it will be exacerbated for the UK, we will see. But after 2019 UK, will enjoy its freedom while taking its Economic and social decisions...... mohit pandey
Brexit Obsolescence Globalization
ReplyDeleteOn 23rd June, 2016 in United Kingdom (UK) a referendum was passed which ignited debate, on world forum, whether to leave decision will lucrative for UKs future or not. Many economists argue to leave which can impact UK adversely and can further create a deficit or tapering of UK economy. But before being Pedant whether referendum was right or wrong, I would retrograde towards the formation of European Union. The establishment of EU was initiated in 1993 in Maastricht treaty, to foster economic growth of entire Europe while reducing all the tariffs of native countries and amalgamation of entire Europe counties under single market. But the question is why Euroscepticism and a version for EU immerged. For example, after the formation of EU, UK fishermen got the licence for fishing in European states, but gradually big fishing companies of France, Germany and Italy have acquired entire UK fishing market and home businesses for UK, including many bourgeoisies.
Ms. Theresa May, the new president of UK is facing two major problems while maintaining balance between Hard and Soft Brexit. As Hard Brexit advocates to revamp all the immigration rules, new tax slabs for European companies, stiff commuters from entire Europe in UK (as labour and goods), therefore soft Brexit includes relaxation of tax’s for European companies and no tariffs on goods movement in entire UK from rest of Europe. But here came Donald Tusk (President of EU), who did not negotiate with Theresa on soft Brexit since she did not allowing free flow of labor from entire Europe to UK. Well, according to me, the migration from rest of the Europe to UK acted as a catalyst to Brexit referendum. Theresa May in her last speech spoke about Article 50, which will be implemented till 2019, which includes, the outlines of trade with rest of the world and with entire Europe after Brexit, stirring tax slabs for European companies operating in UK and unleashing most pertinent question (Immigration policies).
In entire Europe, including America, Theresa May and Stephen Crabb (influential peoples of UK) were not in favor to leave, as said to leave would be a terrible belief. But the question is, how a country can resurrect its growth, if all the economic decisions, are decided by members of different countries, by European council, where total members of UK was 29 in council, as 1/15 UK members taking decision in favor of UK. It is so true that Germany, France and Italy, were over dominant to entire European Union, which is a deadly combination, as it was observed in past after 2008 crisis, where entire Greece was left with amnesty, awarded by these three nations. But the question prevails, whether Brexit was indication of anguish caused by globalization or whether it will be exacerbated for the UK, we will see. But after 2019 UK, will enjoy its freedom while taking its Economic and social decisions......
mohit pandey