International Management | Analyze Brexit

Running Head: MANAGEMENT 0
INTERNATIONAL
MANAGEMENT

MANAGEMENT 1
Table of Contents
Analyse Brexit............................................................................................................................2
Impact of Brexit.........................................................................................................................3
Solutions and Recommendations...............................................................................................5
Reference List............................................................................................................................6

MANAGEMENT 2
Analyse Brexit
In general term, Brexit is a term that can be blended in two words “Britain” and
“Exit”, refers to the UK leaving the EU (European Union). In 2016, a public vote was held
where nearly 17.4 million individuals opted for Brexit constituting to 52 per cent in contrast
of 48 per cent for remaining (Mueller, 2020). However, to understand and analyse Brexit, it is
firstly important to know about the European Union. It represents a political and economic
union of 28 European nations where the member countries enjoy various benefits in terms of
free trade of goods, movement of people as to where they want to live or work in any of the
member countries. There are many reasons for the Brexit to come into existence and why UK
wants to exit from the EU.
The first reason is the European debt crisis which is taking place since 2009 and
various nations such as Greece, Spain, Ireland and others were found to be incapable for
repaying the government debt. These countries started demanding money from the financial
stable member nations of EU such as UK, Germany and France and in this respect, there is a
though come to the UK that “Why should we have to pay for that”? The next cause is related
with great recessions effects arise in 2008, however, that time, UK seeks to grow by 3% per
year (Hossain and Mohammed). There is also a safety concern for European Refugee by the
UK as when they arrive in the EU from across various parts of the world can allow moving
anywhere in the member nations.