Read the closing case study, The Cost of Brexit, at the end of Chapter 9.

The closing case explores the implications of the decision by the United Kingdom to leave the European Union. A member of the European Union since 1973, the United Kingdom voted to leave in 2016 as concern grew among some citizens that remaining in the bloc was compromising the country's national sovereignty, making the country vulnerable to an unwanted increase in immigration, and limiting the country's ability to make its own trade deals. The vote to leave was a close one, making the negotiations of what the break will look like especially challenging.

Additional information can be found at https://www.bbc.com/news/uk-politics-32810887Links to an external site. and https://www.government.nl/topics/brexit/brexit-where-do-we-standLinks to an external site..

Use the information from the case study and the website articles to answer the following questions. The case study write up should be in an essay format - not in bulleted or numbered lists.Begin with a brief one paragraph summary of the information presented in the case study. Next, answer the questions below.The answers will be graded on the application of textbook concepts and terminology. Analysis should be detailed, thorough and thoughtful.

Case Question Prompts:

1. Start with a paragraph summary of the case study and the major chapter concepts that are addressed in it.

What have been the benefits of the EU to the British economy? What do you think have been the costs?

Why did a majority of people in Britain apparently feel that it was in the best interest of the nation to exit the EU?

There is evidence that the uncertainty surrounding the precise nature of the post-Brexit trade deal between Britain and the EU has lowered economic growth rates in Britain. Why do you think uncertainty over trade has this effect on growth?

For Brexit to be a net positive for the British economy in the long run, what has to happen?