1050x300 Brexit Have You Seen

Have You Seen... On Brexit and its Impact on Asia

Author(s): Asia Global Institute

Date: Jun 28, 2016

Theme(s): Finance & Macroeconomics

Insights: Have You Seen

A curated collection of reports and opinions on Britain's vote to exit the European Union, which took place on June 23, 2016.

Brexit Sets Dangerous Precedent

Peterson Institute President Adam Posen once served as an external member of the Bank of England’s rate-setting Monetary Policy Committee (MPC). In this podcast, he discusses the Brexit vote and its economic implications.

Brexit, The U.K, and Trade

Elections can sometimes have important consequences.  After a bumpy 43-year relationship, a majority in United Kingdom voted to leave the European Union.   The economic and trade implications will be significant—for the UK, for Europe and for the global economy. From the Asian Trade Center, this insightful piece looks at the impact of the June 23 vote on this part of the world. Written by “a sad duo at the Asian Trade Centre, Dr. Deborah Elms and Jack Coleman.”

Could Brexit bring the end of the new Sino-British “Special Relationship”?

As Britain prepares itself for the historic June 23 referendum on its membership of the European Union, an unexpected player has entered the debate: China. With Chinese businesses and the government now investing in big, lucrative projects in Britain, they’re clearly worried about the economic implications of Brexit. In recent weeks, Chinese officials and business leaders alike have become more vocal in their support for European unity (and, though they haven’t said it explicitly, for the “stay” campaign). Brookings experts reflect on how the Brexit vote might impact ties between the U.K. and China.

Brexit: Potential Trade and Economic Impacts

According to the Fung Business Intelligence Centre: Asia’s exports will be significantly hurt if Brexit triggers problems in the EU and other major economies, as the EU currently accounts for 14 per cent of their total. Asia will be less impacted by a decline in trade with the UK as the UK only accounts for a small share of Asia’s exports (e.g. 2.6 per cent of China’s total exports, 2.4 per cent of Vietnam’s total exports, and 1.0 per cent of Indonesia’s total exports). A more subdued EU economic outlook is expected to exacerbate already-sluggish demand for Chinese exports.

 

The views expressed in the reports featured are the authors’ own and do not necessarily reflect Asia Global Institute’s editorial policy. Please click on the highlighted text to access reports, working papers and commentaries.