Brexit: The Day After
Brexit Shows Need To Do More Than Talk About Economic Unease One of the lessons to be learned from the Brexit vote is the importance of not just recognizing the economic discomfort caused by a stagnant global economy, but responding to it with actual policy solutions, says David Wessel a Wall Street Journal op-ed.
“The onus is now on those elites, on the leaders of U.S. companies, on academic and think-tank scholars, on internationally aware politicians (including, especially, Hillary Clinton)–all those who fear that Brexit portends a turning point in the post-World War II and post-Berlin Wall world order–to come up with something more than a modest expansion of Trade Adjustment Assistance. If ever there were a time for bold proposals, it’s now,” he writes.
Political And National Security Impact On Europe
Michael Singh, managing director of the Washington Institute for Near East Policy and a former Obama administration official, looks at the impact of the Brexit vote both politically and in terms of national security. He argues the political impact will be harsh as several countries, including on the electoral prospects of Francois Hollande of France and Angela Merkel in Germany.
He asserts NATO will grow even stronger, but it will be important at the opcoming summit in Warsaw “to send a clear message to the world (and a warning to Russia, which undoubtedly greets any EU weakening with gratitude) about the alliance’s continuing cohesion.”
Poll: Middle and Working Class Voters Oppose Trade/Immigration At a recent PRRI/Brookings event, new polling data was released that paints a stark picture about the forces driving politics in America today. For example, 71 percent of the white working class thinks immigrants hurt the economy.
The Washington Post’s Anne Applebaum believes the impact and ramifications of Britain’s departure from the EU will not be felt for some time. But what is clear in the first hours after the vote is that it has emboldened right-wing and secessionist movements in Europe, which is likely to lead to more instability throughout Europe.
Over the next few years, says Applebaum, there will be “tens of thousands of decisions to be made in the U.K., on legal issues; on joint foreign policy, security and diplomacy; and, if Britain leaves the European single market altogether, on tariffs and trade.”
University of Michigan business professors address the question of Brexit: What’s Next?
The Washington Post reports on how Britain is struggling to absorb political and economic impact of the vote to leave.
Christian Science Monitor says Brexit was a defiant vote against globalization.
Judy Dempsey of the Carnegie Endowment of International Peace examines the immediate impact of Britain’s vote.