Manchester University Press
3 Brexit and the Single Market
Abstract
This chapter focuses on the Single Market, one of the key factors transforming the economic relationship between Britain and its European neighbors for the past 45 years. There are widespread concerns about the impact of Brexit on economic growth, current and future business strategies, and investment in the Single Market. The impact of regulatory entanglements across myriad policy areas is now coming under increased scrutiny, as the reality of an integrated economy with supply chains that highlight this trade and investment relationship is viewed through the lens of British political economy. Yet Brexit also provides a unique opportunity to scrutinize the impact of these entanglements on future European economic integration, because the effects may be felt in material or ideational terms, both for Britain as a third country, and for others that are highly integrated across different sectors and economies, and that depend on the market liberalization approach pushed by Britain. Rather than see the Single Market solely in terms of opportunity costs or benefits for Britain, it is worth considering the impact on other territories and markets.
Abstract
This chapter focuses on the Single Market, one of the key factors transforming the economic relationship between Britain and its European neighbors for the past 45 years. There are widespread concerns about the impact of Brexit on economic growth, current and future business strategies, and investment in the Single Market. The impact of regulatory entanglements across myriad policy areas is now coming under increased scrutiny, as the reality of an integrated economy with supply chains that highlight this trade and investment relationship is viewed through the lens of British political economy. Yet Brexit also provides a unique opportunity to scrutinize the impact of these entanglements on future European economic integration, because the effects may be felt in material or ideational terms, both for Britain as a third country, and for others that are highly integrated across different sectors and economies, and that depend on the market liberalization approach pushed by Britain. Rather than see the Single Market solely in terms of opportunity costs or benefits for Britain, it is worth considering the impact on other territories and markets.
Chapters in this book
- Front matter i
- Contents v
- List of figures and tables vii
- List of contributors viii
- Introduction 1
- 1 A cautionary tale 18
- 2 Subtraction by subtraction? 38
- 3 Brexit and the Single Market 57
- 4 Social Europe after Brexit 80
- 5 European citizenship and free movement after Brexit 95
- 6 The EU legal order without the UK 113
- 7 The East–West divide 128
- 8 Networks after Brexit 146
- 9 European Union trade policy in the wake of the Brexit vote 162
- 10 A stronger European Union? 177
- Conclusion – the EU after Brexit 194
- Index 213
Chapters in this book
- Front matter i
- Contents v
- List of figures and tables vii
- List of contributors viii
- Introduction 1
- 1 A cautionary tale 18
- 2 Subtraction by subtraction? 38
- 3 Brexit and the Single Market 57
- 4 Social Europe after Brexit 80
- 5 European citizenship and free movement after Brexit 95
- 6 The EU legal order without the UK 113
- 7 The East–West divide 128
- 8 Networks after Brexit 146
- 9 European Union trade policy in the wake of the Brexit vote 162
- 10 A stronger European Union? 177
- Conclusion – the EU after Brexit 194
- Index 213
