Nobel Prize winning economist Amartya Sen states –
“We live in a
thoroughly interdependent world, nowhere more so than in Europe. The
contemporary prosperity of Europe – and elsewhere, too – draws on extensive use
of economic interconnections. While the unacceptable poverty and inequality
that persist in much of the world, including Britain, certainly call for
better-thought-out public engagement, the problems can be addressed better
without getting isolated from the largest economy next door. The remarkable
joint statement aired recently, by a surprisingly large number of British
economists, of many different schools, that Brexit would be an enormous
economic folly, reflects an appreciation of this glaring reality. Apart from
trade and economic exchange with Europe itself, Britain is currently included
in a large number of global agreements as a part of the European Union. Britain
can do a lot – for itself and for Europe – to correct some of the big mistakes
of European economic policies.”
Related:
NYT’s Roger Cohen on threats to EU –
Europe and Brexit
http://yaleglobal.yale.edu/content/does-europe-need-brexit