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Alternative UK Trade Relationships Post-Brexit

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The Segmentation of Europe

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Abstract

This chapter discusses several key issues for the United Kingdom (UK) in relation to Brexit. Firstly, it looks at 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 that erodes 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 a new trade relationship with the European Union (EU), together with the rest of the world, to both replace previous trade deals concluded by the EU and 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 University of Bradford, Bradford, UK

    Mark Baimbridge (Senior Lecturer in Economics)

  2. Plymouth Business School University of Plymouth, Plymouth, UK

    Ioannis Litsios (Lecturer in Economics)

  3. Westminster Business School University of Westminster, London, UK

    Karen Jackson (Senior Lecturer in Economics)

  4. Department of Economics and Related Studies, University of York, York, UK

    Uih Ran Lee (Lecturer in Economics)

Authors
  1. Mark Baimbridge
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  2. Ioannis Litsios
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  3. Karen Jackson
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  4. Uih Ran Lee
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© 2017 The Editor(s) (if applicable) and The Author(s) 2017, corrected publication March 2018.

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Baimbridge, M., Litsios, I., Jackson, K., Lee, U.R. (2017). Alternative UK Trade Relationships Post-Brexit. In: The Segmentation of Europe. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-59013-8_9

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  • DOI: https://doi.org/10.1057/978-1-137-59013-8_9

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  • Publisher Name: Palgrave Macmillan, London

  • Print ISBN: 978-1-137-59012-1

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