Hot Topic | Global Economics: The Brexit Debate & What it Means for You
Vikram Mansharamani | Generalist, Global Economics Expert & Bestselling Author
Vikram Mansharamani believes that the EU’s unification experiment is not working. He argues that the European economic outlook is dire, most notably on the issues of:- Economic freedom
- Austerity measures
- Unemployment
- Migration
Jeffrey Simpson | National Affairs Columnist, The Globe and Mail
Jeffrey Simpson takes a look at the Brexit in the context of Canada. He discusses the cases of previous Canadian referendums, Canada’s experience negotiating trade deals with the EU and much more. His conclusion is that the future generation (under 35 years old) is comfortable remaining in the EU, whereas the older generation (35 and up) wants to leave. While the economic factors all seem to point to the younger generation being correct, the Quebec referendums showed the world how economics doesn’t necessarily reign supreme when it comes to votes. Read the full article here (paywall)Niall Ferguson | Historian, Writer, Broadcaster & Harvard Professor
Niall Ferguson sat down with Bloomberg Television where he presented some historical arguments against a Brexit. Looking beyond economics, Britain owes a great deal of it’s modern stability to European integration. By exiting, Ferguson believes the long-term prospects of Britain are not all that promising. He lays out some examples of rising prices British citizens will incur upon an EU exit: Watch the full interview:Jack Mintz | World-Renowned Economist, Academic & Public Policy Analyst
Jack Mintz offers a look outside of the losses specific to Britain and focused on how a Brexit would send a ripple-effect around the globe. He used the example of the UK’s need to negotiate new trade deals with a large number countries such as Canada. Mintz argues the UK would be doing so from a position less appealing to potential partners. He also sheds lights on the short-term effect of North American companies with ties to EU. Mintz sees a potential need for them to cut labour costs while they seek out new alternatives to access the European market through countries such as Germany or Ireland. Read the full article here