Open AccessBrexit and Its Impact on New Zealand Economy: A Conceptual Analysis
Author(s) -
Saida Parvin,
Geetha Subramaniam,
Nahian A. Sadman,
Victoria Shahaya Baptist
Publication year - 2017
Publication title -
journal of international business, economics and entrepreneurship
Language(s) - English
Resource type - Journals
ISSN - 2550-1429
DOI - 10.24191/jibe.v2i2.14449
Subject(s) - brexit , european union , international trade , economics , inflation (cosmology) , unemployment , international economics , tourism , political science , economy , economic growth , law , physics , theoretical physics
‘Brexit’ which means exit of United Kingdom (UK) from the European Union (EU) is not only a European issue but has varied implications throughout the world, especially amongst its trading nations. This conceptual paper first discusses pros and cons of Brexit on UK and EU. This is seen in the light of Brexit impact on trade, unemployment rate and inflation rate. It further discusses some of the immediate implication Brexit might have on New Zealand, which is the EU’s third largest trading partner. The discussion is based on the impact post-Brexit may have in terms of trade, employment, GDP and the tourism sector in New Zealand.