The prime minister of UK Theresa May announced her list of demands that EU should include financial services trade with the UK in the future. Along with her emphasis on labor mobility which reminded me what we discussed in class about models around the countries. It can be seen from the speech that the UK tends to continue toward laissez-faire economy. The transition economy can also arise a series problems, governance failure; high inequality; regulation inefficiency. It is said in the article the prime minister will not impose tariffs or quotas on goods instead of using one set of checks to ensure regulatory compliance.
The feasibility of the transition economy doesn't solely depend on the government efficiency but also how the market will react.
http://www.cityam.com/281577/theresa-mays-road-brexit-speech-prime-minister-admits-we
1 comment:
It is interesting to see if the EU would accept what the prime minister is asking for because if they could be part of different agencies, like European Medicines Agency, European Chemicals Agency, and European Safety Agency, without being part of the European Union, other countries might think on leaving the European Union and doing the same. But also if the European Union does not accept, they might have to make this agencies smaller, because they wouldn't have the extra funds that the UK would be providing for being part of the agencies.
Post a Comment