Political and Economic Impacts of Brexit on European Union
Keywords:Eurozone Crises, Immigration Crises, Free Movement, Institutional Structure, Integration, Enlargement
The Brexit is a term used to explain about the withdrawal of Great Britain from the European Union. Brexit is an important political development in the recent political scenario of Europe. It has its impacts on the economic and political future of the UK and the EU. In mid of 2016, a referendum was held in the UK to decide whether they should remain in the EU or exit. The British decided in favour of exit. In this study, descriptive analysis study covers the impacts of Brexit on the EU, possible post-Brexit challenges, and way forward for the EU. The post-Brexit challenges for the EU such as rise of anti-EU political forces spreading anti-migrants’ sentiments in member states and economic challenges such as Budgetary gap, impact of Brexit on the structures of the EU institutions have been observed. It has also been observed that the EU will remain stable despite of the challenges. If it deals the situation with unity and harmony among its member states, the challenges can be turned into opportunities.
BBC News. (2012, June 13). Timeline: The unfolding eurozone crisis. Retrieved from; https://www.bbc.com/news/business-13856580
BBC News. (2015, December 22). Migrant crisis: EU ministers approve disputed quota plan. Retrieved from; https://www.bbc.com/news/world-europe-34329825
BBC News. (2015, December 22). Migrant crisis: One million enter Europe in 2015. Retrieved from; https://www.bbc.com/news/world-europe-35158769
Becker, P. (2019). A new Budget for the EU. Berlin: Stiftung Wissenchaft and Politik.
Besselink, L. (2019, May 01). The impact of the UK’s Withdrawal on the Institutional Set-up and Political Dynamics in the EU. Retrieved from; http://www.europarl.europa.eu/RegData/etudes/STUD/2019/621914/IPOL_STU(2019)621914_EN.pdf
Bieber, F. (2018). Ever Farther Union: Balkans and the Brexit. Washington DC: Freedom House.
Denham, J. (2019, August 13). Nationalism in England is not just a rightwing nostalgia trip. Retrieved from The Guardian; https://www.theguardian.com/commentisfree/2019/aug/13/english-nationalism-brexit-remain-and-reform
EAVI. (2018, August 27). What is Euroscepticism? Retrieved from; https://eavi.eu/what-is-euroscepticism/
Florian, B. (2016, June). Brexit means for the Balkans. Retrieved July from Freedom House; https://freedomhouse.org/sites/default/files/2020-02/brexit-means-for-the-balkans_brief_FINAL.pdf
Gabbatiss, J. (2017, November 27). Brexit strongly linked to xenophobia, scientists conclude. Retrieved from The Independent; https://www.independent.co.uk/news/science/brexit-prejudice-scientists-link-foreigners-immigrants-racism-xenophobia-leave-eu-a8078586.html
Jacobs, F. (2017, May 06). “The impact of Brexit on the European Union and what this might mean for Ireland”. Retrieved from EU Studies; https://www.eustudies.org/conference/papers/download/407
Meadwell, H. (2019, August 06). It’s the English, stupid! Brexit is an expression of English nationalism. Retrieved from London School of Economics; https://blogs.lse.ac.uk/brexit/2019/08/06/long-read-its-the-english-stupid/
Murdoch, J. (2017, May 09). French election results: Macron’s victory in charts. Retrieved from Financial Times; https://www.ft.com/content/62d782d6-31a7-11e7-9555-23ef563ecf9a
Oliver, T., Walshe, G., Barnard, C., Hantrais, L., Matthijs, M., Peers, S. (2018, June). The Impact of UK's withdrawal on EU integration. Retrieved from European Parliament; https://www.europarl.europa.eu/RegData/etudes/STUD/2018/604973/IPOL_STU(2018)604973_EN.pdf
Outhwaite, W. (2018, September). Migration Crisis and "Brexit". Retrieved from; Oxford Hand Books; https://www.oxfordhandbooks.com/view/10.1093/oxfordhb/9780190856908.001.0001/oxfordhb-9780190856908-e-7
Poddar, S. (2016). European Migrant Crisis: Financial Burden or Economic Opportunity. Philadelphia: University of Pennsylvania, Scholarly Commons.
Poznatov, M. (2016, September 08). Analysts: Brexit will slow EU enlargement in the Western Balkans. Retrieved from EURACTIV; https://www.euractiv.com/section/global-europe/news/analysts-brexit-will-slow-eu-enlargement-in-the-western-balkans/
The Bratislava Declaration. (2016, September 16). Retrieved from; Council of European Union; https://www.consilium.europa.eu/media/21250/160916-bratislava-declaration-and-roadmapen16.pdf
The Rome Declaration. (2017, March 25). Retrieved from consilium.europa.eu: https://www.consilium.europa.eu/en/press/press-releases/2017/03/25/rome-declaration/
Walraed, D. (2016). What are the trends and dominant drivers of euroscepticism in UK, Germany and the European Union over the last decade. Brussels: European Institute.
White Paper. (2017, March 01). Retrieved from European Commission; https://ec.europa.eu/commission/sites/beta-political/files/white_paper_on_the_future_of_europe_en.pdf
Whitman, R. (2016). The UK and EU Foreign, Security and Defence Policy After Brexit: Integrated, Associated or Detached? National Institute Economic Review, 43-50.
Withnall, A. (2016, April 24). Austria presidential election: Far-right Freedom Party 'comes top in vote'. Retrieved from The Independent; https://www.independent.co.uk/news/world/europe/austria-presidential-election-far-right-freedom-party-comes-top-in-vote-a6998751.html
Yasmeh, J. (2016, May 24). Austria Just Held An Election. Here's What You Need To Know. Retrieved from; Daily Wire; https://www.dailywire.com/news/5971/austria-just-held-election-heres-what-you-need-joshua-yasmeh
How to Cite
Copyright (c) 2020 Dr. Ghulam Mustafa, Mazhar Hussain, Muhammad Adnan Aslam
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Articles in LASSIJ are Open Access contents published under the Creative Commons CC BY-NC License Creative Commons Attribution 4.0 International License http://