Brexit Is a Disastrous Experiment in Deglobalization

Brexit is an experiment in deglobalization. As the pound tanks and British politics implode, investment will dry up and the entire United Kingdom will almost certainly plunge into recession. The country may well break apart as Scotland and perhaps Northern Ireland desperately seek to avoid the experiment. The outcome should dramatically discourage other Europeans, the United States, and anyone else contemplating their own versions of deglobalization. The European Union (EU), albeit at the region

Source: Peterson Institute (PIIE)