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Economic Implications of Alternative Trade Relationships: Post-Brexit Options for the UK

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After Brexit

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Abstract

This chapter discusses several key issues for the UK in relation to Brexit. Firstly, how new directions could be initiated to fund infrastructure aimed at boosting the UK’s future growth potential and/or promote reindustrialisation by nurturing strategic industries through the early and unknowable stages of their development until they achieve their own international competitive advantage. Secondly, we contest the belief that globalisation has created a new environment eroding the efficiency of traditional policy instruments and with it the relevance of individual nation states. Finally, in this context, we conclude by arguing that Brexit offers a unique opportunity to negotiate for a new trade relationship with the EU together with the rest of the world to both replace previous trade deals concluded by the EU and also to establish a new set of relationships with a wider set of potential trade partners.

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Notes

  1. 1.

    https://www.gov.uk/government/speeches/the-governments-negotiating-objectives-for-exiting-the-eu-pm-speech.

  2. 2.

    http://stat.wto.org/TariffProfile/WSDBTariffPFView.aspx?Language=E&Country=E28.

  3. 3.

    https://www.gov.uk/government/speeches/the-governments-negotiating-objectives-for-exiting-the-eu-pm-speech.

  4. 4.

    http://labourlist.org/2016/06/corbyn-a-labour-government-will-block-ttip/; https://www.theguardian.com/business/2015/aug/03/ttip-what-why-angry-transatlantic-trade-investment-partnership-guide.

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Author information

Authors and Affiliations

  1. School of Management, Faculty Management and Law, University of Bradford, Bradford, UK

    Mark Baimbridge

  2. Lancashire Institute for Economic and Business Research (LIEBR), Lancashire Business School, University of Central Lancashire, Lancashire, UK

    Philip B. Whyman

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  1. Mark Baimbridge
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  2. Philip B. Whyman
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Editor information

Editors and Affiliations

  1. CIDEEFF - School of Law, Univ of Lisbon, University of Lisbon, Lisbon, Portugal

    Nazaré da Costa Cabral

  2. CIDEEFF, University of Lisbon School of Law - Faculdade de Direito da Universidade de Lisboa, Alameda da Universidade - Cidade Universitária, Lisbon, Portugal

    José Renato Gonçalves

  3. CIDEEFF, University of Lisbon School of Law - Faculdade de Direito da Universidade de Lisboa, Alameda da Universidade - Cidade Universitária, Lisbon, Portugal

    Nuno Cunha Rodrigues

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Baimbridge, M., Whyman, P.B. (2017). Economic Implications of Alternative Trade Relationships: Post-Brexit Options for the UK. In: da Costa Cabral, N., Renato Gonçalves, J., Cunha Rodrigues, N. (eds) After Brexit. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-66670-9_10

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  • DOI: https://doi.org/10.1007/978-3-319-66670-9_10

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  • Publisher Name: Palgrave Macmillan, Cham

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