The United Kingdom’s decision to leave the European Union has shocked the world and is a wake-up call for the single market of 28 nations and more than 500 million people. The fury over economic and political cooperation that led to the referendum could intensify. “In unsettling ways, the June 23 referendum has put the future of Europe, the transatlantic alliance and the international liberal order itself in play, and done little to settle them,” writes Daniel Twining, director at the German Marshall Fund of the United States. He urges EU and global leaders to contemplate the disturbing trends for democracies – a backlash against globalization, fears about diversity and immigration, mistrust over trade agreements and uneven distribution of benefits, and fragmentation as nations withdraw from global challenges demanding cooperation. Twining suggests that rising populism and “domestic insurgencies will roil the ranks of the major powers, with potentially widespread strategic and economic consequences for the fragile international system.”
http://yaleglobal.yale.edu/content/brexit-and-burst-britain%E2%80%99s-existential-crisis?utm_source=YaleGlobal+Newsletter&utm_campaign=b9e63d14dc-Newsletter9_14_2010&utm_medium=email&utm_term=0_2c91bd5e92-b9e63d14dc-207760089
