Economics: Brexit’s Blow To Globalization

Financial markets do not handle uncertainty well. With the world already facing anemic growth and low levels of investment, any adequate damage-control plan must include prompt resolution of the new rules of the game for Britain and its relationship with the EU. Any delay will cause further frustration and increase the odds of retaliatory policies from EU members. The last thing anyone needs is a tit-for-tat process of political divorce that only serves to deepen the global economy’s already-widening fault lines.

Brexit’s Blow To Globalization | by Carmen M. Reinhart – Project Syndicate

Less than a decade after the 2008 financial crisis dealt a major blow to globalization, Brexit has just delivered another. With the world already facing anemic growth and low investment, any adequate damage-control plan must include prompt resolution of the new rules of the game for Britain and its …