Should Britain Leave the Eu? : An Economic Analysis of a Troubled Relationship
Minford, Patrick; Gupta, Sakshi (CON); Le, Vo Phuong Mai (CON); Mahambare, Vidya (CON); Xu, Yongdeng (CON)
ISBN 10: 1785360329 ISBN 13: 9781785360329
Published by Edward Elgar Publishing, 2016
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Placed in the context of the upcoming referendum, this second edition brings up to date a thorough review of all economic aspects of the UK's membership of the EU. It notes the intention of the EU to move to 'ever closer union' and the nature of the regulatory and general economic philosophy of its dominant members, whose position is enforced by qualified majority voting. The book highlights the UK s dilemma that, while extending free markets to its local region is attractive, this European philosophy and closer union are substantially at odds with the UK's traditions of free markets and freedom under the common law.
This comprehensive examination of the economic costs and benefits of membership uses state-of-the-art modeling methods and includes estimates of its net costs as a percentage of GDP. The book explains how the decision to leave would follow from a judgement on the political economy of the EU as compared with that of the UK. It details the misconceptions involved in much of the debate about trade with the EU, and argues that the key issue is not access to markets but rather the prices at which trade takes place. Covered in careful detail is the economics of the UK's trade with the EU in the key sectors of agriculture, manufacturing, and services.
About the Author: Patrick Minford, Professor of Applied Economics, Cardiff Business School, Cardiff University, UK with Sakshi Gupta, Economist, CRISIL, India, Vo Phuong Mai Le, Lecturer, Cardiff Business School, Cardiff University, UK, Vidya Mahambare, Associate Professor of Economics, Great Lakes Institute of Management, Chennai, India, Yongdeng Xu, Researcher, Cardiff Business School, Cardiff University, UK
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Bibliographic Details
Title: Should Britain Leave the Eu? : An Economic ...
Publisher: Edward Elgar Publishing
Publication Date: 2016
Binding: Hardcover
Condition: New
Edition: 2nd Edition