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141. Europe in 2019: A Critical and Transitional Year

Author:
Rachel Lutz Ellehuus, Ricklef Beutin, and Quentin Lopinot
Publication Date:
02-2019
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies (CSIS)
Abstract:
For European countries and institutions as well as for transatlantic relations, 2019 will be a pivotal year. With several important leadership, policy, and structural transitions taking place in capitals and Brussels, there will be instability and uncertainty but from this could stem more positive dynamics. While the twists and turns of events remain unpredictable, what follows is a quick take on some of the most significant events on the European and transatlantic security and defense calendar for 2019 and the important stakes that are at play.
Topic:
Regional Cooperation, European Union, Brexit, and Regionalism
Political Geography:
United Kingdom and Europe

142. Brexit: Everyone Loses, but Britain Loses the Most

Author:
Maria C. Latorre, Zoryana Olekseyuk, Hidemichi Yonezawa, and Sherman Robinson
Publication Date:
03-2019
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics (PIIE)
Abstract:
This paper examines 12 economic simulation models that estimate the impact of Brexit (Britain’s exit from the European Union). Most of the studies find adverse effects for the United Kingdom (UK) and the EU-27. The UK’s GDP losses from a hard Brexit (reversion to World Trade Organization rules due to a lack of UK-EU agreement) range from –1.2 to –4.5 percent in most of the models analyzed. A soft Brexit (e.g., Norway arrangement, which seems in line with the nonbinding text of the political declaration of November 14, 2018, on the future EU-UK relationship) has about half the negative impact of a hard Brexit. Only two of the models derive gains for the UK after Brexit because they are based on unrealistic assumptions. The authors analyze more deeply a computable general equilibrium model that includes productivity and firm selection effects within manufacturing sectors and operations of foreign multinationals in services. Based on this latest model, they explain the likely economic impact of Brexit on a wide range of macroeconomic variables, namely GDP, wages, private consumption, capital remuneration, aggregate exports, aggregate imports, and the consumer price index.
Topic:
Economics, World Trade Organization, Brexit, and Multinational Corporations
Political Geography:
Britain, Europe, and European Union

143. The Global Impact of Brexit Uncertainty

Author:
Tarek A. Hassan, Laurence van Lent, Stephan Hollander, and Ahmed Tahoun
Publication Date:
01-2019
Content Type:
Working Paper
Institution:
Institute for New Economic Thinking (INET)
Abstract:
Using tools from computational linguistics, we construct new measures of the impact of Brexit on listed firms in the United States and around the world: the share of discussions in quarterly earnings conference calls on costs, benefits, and risks associated with the UK’s intention to leave the EU. Using this approach, we identify which firms expect to gain or lose from Brexit and which are most affected by Brexit uncertainty. We then estimate the effects of these different kinds of Brexit exposure on firm-level outcomes. We find that concerns about Brexit-related uncertainty extend far beyond British or even European firms. US and international firms most exposed to Brexit uncertainty have lost a substantial fraction of their market value and have reduced hiring and investment. In addition to Brexit uncertainty (the second moment), we find that international firms overwhelmingly expect negative direct effects of Brexit (the first moment), should it come to pass. Most prominently, firms expect difficulties resulting from regulatory divergence, reduced labor mobility, trade access, and the costs of adjusting their operations post-Brexit. Consistent with the predictions of canonical theory, this negative sentiment is recognized and priced in stock markets but has not yet had significant effects on firm actions.
Topic:
Economics, Political Economy, Regional Cooperation, Brexit, Global Political Economy, and Economic Policy
Political Geography:
Britain, United States, United Kingdom, Europe, and European Union

144. Great Britain and the European Union Beyond Brexit

Author:
Ana Muhar Blanquart
Publication Date:
03-2019
Content Type:
Working Paper
Institution:
Institute for Development and International Relations (IRMO)
Abstract:
Brexit is a term coined of the words “British exit”, referring to the United Kingdom leaving the European Union. First used in 2012 by the founder of the British Influence think-tank Peter Wilding, it became the most frequently used political term in 2016, the year when the British electorate chose to leave the European Union and thus change the political landscape of the United Kingdom and the European Union.
Topic:
Foreign Policy, International Trade and Finance, Regional Cooperation, European Union, and Brexit
Political Geography:
United Kingdom, Europe, England, North Ireland, Ireland, Scotland, and Wales

145. Elections that will shape the EU more than ever befor

Author:
Augustin Palokaj
Publication Date:
05-2019
Content Type:
Working Paper
Institution:
Institute for Development and International Relations (IRMO)
Abstract:
European elections this year, to take place on 23-26 May, are considered to be one of the most important in the history of the European Union. This might sound exaggerated or at least something that has been heard before. But there are many reasons why this time things are different. The EU is at the crossroads, performance, record low unemployment and fewer member states find themselves in economic difficulties or excessive deficit. Trust in the EU and support for membership is increasing among citizens in most member states. However, the general picture remains mixed and any flaw is widely exploited by with mixed picture on the state of the union: divided more than ever on core issues such as common values, solidarity, migration, free movement and the rule of law. On the positive side, however, there is a pretty good economic eurosceptic forces. Many challenges will have to be addressed urgently, starting immediately after the European elections. The results, which will most probably confirm a decline in support for traditional mainstream parties, will affect the election of a new President of the European Commission, a new President of the European Council and other key figures in EU institutions. This time it will not be easy, since many national leaders have questioned the automatic respect for the principle of “Spitzenkandidat” (the lead candidate put forward by the political group able to create a majority in the European Parliament, that becomes the President of the European Commission) and will try to return this power to elect the Commission’s President to the heads of states and governments, with the Parliament expected to rubber-stamp their choice. The Parliament could fight back and this may create a politically motivated power struggle between two major EU institutions.
Topic:
Regional Cooperation, Elections, European Union, and Brexit
Political Geography:
Europe and Brussels

146. Britain's Uncertain Brexit March

Author:
Marko Attila Hoare
Publication Date:
06-2019
Content Type:
Working Paper
Institution:
Institute for Development and International Relations (IRMO)
Abstract:
The popular vote of the UK on 23 June 2016 to leave the EU has been politically an earthquake for the first and a shock to the second. Retrospectively, the outcome was likely, given the structural factors both within Britain and between Britain and the EU. Yet these same factors have obstructed a clear British post- referendum strategy for secession: Britain Britain’s relationship to Europe is traditionally ambiguous. Britain’s identity - of a Protestant island-state formed in 1707 from the Anglo- Scottish union - was cemented during the eighteenth and nineteenth centuries in wars against the Catholic powers of continental Europe. It was successively reinforced by Napoleon’s anti-British Continental System; does not know what kind of Brexit it wants, or whether it wants one at all. This briefing will examine the causes of the Brexit revolution and the reasons for its uncertain execution, before considering the likely outcome.
Topic:
Regional Cooperation, Geopolitics, Europe Union, and Brexit
Political Geography:
United Kingdom, Europe, England, Scotland, Northern Ireland, and Wales

147. Shifting Global Politics and the Middle East

Author:
Marc Lynch and Amaney Jamal
Publication Date:
03-2019
Content Type:
Research Paper
Institution:
Project on Middle East Political Science (POMEPS)
Abstract:
What is the current structure of international relations, and how does this shape the politics of the Middle East? For decades, the answer was clear: international structure was unipolar, and American predominance shaped the alliance choices of both its allies and its adversaries. In recent years, this clarity has been overtaken by confusion. American primacy has perhaps declined, or at least shifted in its application, but no rival power has yet risen to take its place. How has this perceived change in global structure affected regional politics in the Middle East? In October 2018, POMEPS, Princeton University’s Bobst Center, and the American University of Beirut brought together nearly two dozen scholars from the United States, Europe and the Middle East at AUB to discuss the impact of shifting global structure on regional dynamics. This collection features sixteen essays ranging across diverse perspectives on the evolving relationship between the global and the regional. Taken together, they offer a fascinating window into the relationship between the global and the regional, and the implications for contemporary regional politics.
Topic:
International Relations, Security, Diplomacy, Politics, Poverty, Power Politics, European Union, Partnerships, Inequality, Brexit, Arab Spring, Alliance, Conflict, Transatlantic Relations, Donald Trump, and Regional Power
Political Geography:
China, Europe, Middle East, Yemen, Saudi Arabia, Syria, North America, United States of America, and Gulf Nations

148. High Hopes, Long Odds: On the False Promises of Brexiteer Deals with the EU and US

Author:
John Ryan, Gabriel Felbermayr, Clemens Fuest, Jasmin Katrin Gröschl, and Daniel Stöhlker
Publication Date:
12-2019
Content Type:
Special Report
Institution:
LSE IDEAS
Abstract:
This report explores a No-Deal Brexit which would leave the UK economically, politically and diplomatically weakened and isolated. It further examines the relationships with its two main allies - the European Union and the United States - which would become more difficult and complicated.
Topic:
Diplomacy, Politics, Treaties and Agreements, European Union, and Brexit
Political Geography:
Britain, Europe, and United States of America

149. Mile End Institute: Post Truth Revisited with Matthew d'Ancona

Publication Date:
09-2019
Content Type:
Video
Institution:
Mile End Institute, Queen Mary University of London
Abstract:
In 2017, Matthew d'Ancona published an acclaimed book on Post-Truth - prompted by the Brexit vote and Trump's victory. In this session, he asks whether things have got any better since then, and how the all-important debate on misinformation and 'facts versus feelings' has evolved.
Topic:
European Union, Post Truth Politics, Brexit, Radical Right, and Truth
Political Geography:
United Kingdom, Europe, North America, and United States of America

150. Brexit and the NHS: Devolution

Author:
Jo Hunt, Paul Laffin, Philippa Whitford, and Chris Deerin
Publication Date:
03-2018
Content Type:
Video
Institution:
UK in a Changing Europe, King's College London
Abstract:
Speakers -Dr Jo Hunt – Reader, Cardiff University -Paul Laffin – EU Public Affairs Manager, British Medical Association -Dr Philippa Whitford – Member of Parliament, Central Ayrshire -Chris Deerin, Contributing editor, New Statesman
Topic:
Health Care Policy, Brexit, and National Health Service (NHS)
Political Geography:
United Kingdom and Europe