The Impact of Brexit for the GCC and the World
Published on: 28/11/2016
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Foreword: Understanding Brexit
The UK’s referendum vote on leaving the EU has grabbed the headlines and has the world thinking about what may, or may not, happen next. Undoubtedly the UK’s decision to leave the EU is a major international episode that will have an impact over the next few years. This impact will be felt most strongly in Europe of course, but there will be ramifications globally. The GCC states are watching the development of events closely as both the EU and the UK have strong connections with the region. The UK’s exit offers the GCC states a chance to restructure relations and outlooks with both powers. Overall, we should be looking beyond the uncertainty and identify opportunities that may emerge from this situation.
To contribute to the ongoing conversation, TRENDS asked its Researchers and Non-Resident Fellows to provide their perspective of what Brexit may or may not mean for the globe and the region. As with all of the current commentators, no one has any definitive answers as much remains unknown. What is known is that the vote has forced us to reconsider understandings and predictions on the shape and direction of world order. We hope this contribution is able to aid this reconsideration.