EU’s Role as a Global Power in Future Market

Running head: DISSERTATION
Shift EU’s Role as a Global Power in Future Market
Name of the Student
Name of the University
Author’s Note

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Acknowledgement
I would like to express my gratitude to my teacher (Name of the teacher) as well as our principal
(Name of the principal). They gave me the excellent opportunity for conducting this wonderful
project on the topic like EU’s Role as a Global Power in Future Market, which also helped me
in doing a lot of Research. I have gained knowledge and experience on so many new things I am
really thankful to them. In addition, I would also like to thank my parents and friends who helped
me a lot in finalizing this project within the limited time-frame.

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Abstract
The research focuses to identify the upcoming shift in EU CFSP policies and shift in EU’s global
power after actualisation of Brexit. Brexit is likely to change EU’s relation and influence in the
international market. An effective secondary research based on secondary analysis. Thematic
analysis has been conducted by involving the opinion of numerous eminent scholars. In order to
maintain international relation, EU has lost the power of supremacy in the global market. The
gradual rises of new power such as China, Japan, India, and Russia have predominantly have
given a competitive threat for EU in maintaining overall international relation. By making an
effective comparative analysis the study has evaluated the impact of Brexit on maintaining
international relationship with EU.

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Table of Content
Chapter 1: Introduction....................................................................................................................4
1.1 Introduction................................................................................................................................4
1.2 Problem Statement.....................................................................................................................5
1.3 Research Aim and objectives:...................................................................................................6
1.4 Research Question.....................................................................................................................6
1.5 Research hypothesis:.................................................................................................................7
Chapter 2 Literature Review............................................................................................................8
2.1 An overview about the incident of Brexit:................................................................................8
2.2 Role of UK in making EU policies:.........................................................................................10
2.3 Barriers faced by EU for making international relation:.........................................................12
2.4 EU as a global Power after the incident of Brexit:..................................................................14
2.5 Summary:.................................................................................................................................15
Chapter 3 Data Analysis: Thematic analysis.................................................................................16
3.1 Influence of UK in EU:............................................................................................................16
3.2 The outcome of Brexit:............................................................................................................20
3.3 Influences on CFSP:................................................................................................................22
3.4 The EU as a future global power:............................................................................................23
Chapter 4: Recommendation and Conclusion:..............................................................................25
4.1 Conclusion:..............................................................................................................................25
4.2 Recommendation:....................................................................................................................26

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Chapter 1: Introduction
1.1 Introduction
The research aims is to identify the possible changes in the EU and their position in the
international market due to the impact of Brexit. The answer sought in this research is to identify
EU’s power in global market after actualisation of Brexit as Britain was one of the significant
contributors in the union. Both economic and political turmoil in the international market is
anticipated. The possible situation of both Britain and EU in relation to the international market
is under constant debate. European Union had always been a major player in the international
politics and holds significant position in world diplomacy (Irwin 2018). The union contributes in
major sections of international relation such as promotion of human rights, trade, development
and humanitarian aid etc. The union further contributes in the development of international
businesses providing opportunity for the developing and underdeveloped countries to establish
trading with its member countries.
The Common Foreign and Security Policy is the policy formulated by EU to control their
external relation that includes trade and commerce with the other nations around the globe. This
policy further covers the security and development of the third world countries. In other words,
the purpose of this policy is to facilitate in strengthening EU’s external abilities for acting
through the development of civilian and military capabilities in case of conflict (europa.eu 2018).
Since Britain was one of the significant leaders in the Union and prioritised voice in the union,
this will considerably alter the international environment and further alter EU’s voice
internationally. Furthermore, Britain was one of the major destinations for the third world

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countries for exporting goods. Escape from EU will likely to change trading policies, which has
direct impact on the developing countries.
Moreover, banking industry is enormously established in UK. The policies between EU
and Britain are on a transitional phase and new policies will be implemented after the
actualisation of Brexit in 2019. Hence, power of EU is likely to be altered due to this. This
following research will identify and analyse the assumable role of EU in globally and its shift in
position and relation with the countries. This particular study has provided to give an in-depth
overview about the necessary impact of Brexit and the changes occurred on the system of EU
( Holden 2016). It is undeniable that EU had to face immense challenges in maintaining their
image and reputation after the separation of UK from EU. They had to face difficulties in
maintaining global power and international relation due to the lack of sufficient resources. UK
has faced immense challenges in maintaining their financial flow, GDP.
1.2 Problem Statement
Focus of the research is to identify the upcoming shift in EU CFSP policies and shift in
EU’s global power after actualisation of Brexit. Britain was the second highest contributor for
EU in GDP. The separation between EU and UK left a major impact on the European business
industry. The organizations had to face immense economic barrier in running their entire process
of business effectively. People from various geographical boundaries and attitudes had to face
immense challenges in maintaining their employability after the incident of Brexit. Most of the
multinational companies such as TESCO, ASDA has faced immense employee turnover at that
time. EU after being separated from UK failed to maintain their image and reputation in the
realm of international trade market. Due to the lack of sufficient financial resources, EU was
unable to maintain international relation (Biscop 2016). On the other hand, business

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organizations before entering in the market of Europe for expanding their business process had to
face immense difficulties in establishing business.
The entire business market of UK has faced disastrous consequence after the incident of
Brexit. It was primarily expected that community would grow faster and become more
competitive due to the segregation of market. However, it is finally observed that the process of
industry development was highly decreased in order to avoid complicated taxation policies and
tariff (Chaban et al. 2013). The organizations have to bear extreme level of tax in order to follow
the regulations of both UK and EU. Large numbers of practitioners have opined that after the
separation of UK and EU the employee turnover rate is highly increased. TESCO, the super
market giant has saved their drives by cutting 1200 head office jobs due to Brexit
(theguardian.com 2018). Employees are in search of better opportunity and scope. As a result,
they become flexible to leave the organization after getting better opportunity.
1.3 Research Aim and objectives:
Aim of the research is to identify the changes in European Union’s relation
internationally and shift in its influence in the future time. The primary objectives of this
research are as follows:
1. To identify the change in EU’s global power in future
2. To identify the impact of Brexit on EU in building image internationally
3. To what extent can EU maintain their position as global power
1.4 Research Question
 Will EU be able to hold their position as a global power after the Brexit?
 What are the possible modifications in EU’s relation with currently associated countries?

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 What are the changes likely to occur in EU’s CFSP?
1.5 Research hypothesis:
H0: UK does not leave major impact on EU to maintain its global power
H1: UK leaves major impact on EU to maintain its global power