Open AccessECONOMIC EFFECTS OF THE BREXIT DISINTEGRATION PROCESS IN TRADE
Author(s) -
Yaroslava Mudra
Publication year - 2021
Publication title -
shìdna êvropa: ekonomìka, bìznes ta upravlìnnâ
Language(s) - English
Resource type - Journals
ISSN - 2518-1971
DOI - 10.32782/easterneurope.30-3
Subject(s) - brexit , european union , economics , per capita , inflation (cosmology) , international economics , unemployment , investment (military) , international trade , demographic economics , macroeconomics , political science , politics , demography , population , physics , sociology , theoretical physics , law
The article examines the economic effects of the Brexit as the disintegration process, which is affected trade. It is noted that Brexit is one of the largest manifestations of disintegration processes in the European Union for the entire period of its existensing. The main economic indicators of Great Britain before leaving the European Union are analyzed. They are GDP, inflation rate, GDP per capita based on PPP, GDP per capita, unemployment rate. Analogies are made during 10 years of the UK's membership in the EU and shows the change in the dynamics during the transition phase in 2020. The main causal links leding to the growth and decline of statistics are indicated. The analogies between the data of 2020 and during the previous 10 years are made. Data on the growth and decline of GDP in the United Kingdom according to the forecasts of a number of global investment banks such as the Swiss UBS, Bank of America and Barclays, Goldman Sachs and others. The problems are considered in the trade’relations between Great Britain and the EU, had arosed after the end of the transition period, The negative effects of imbalances and inconsistencies in the mechanisms of crossing customs borders in export-import activities after January 1, 2021 are presented. The main negative factors, factors and circumstances that were influenced the significant decline in export-import activity in early 2021 are substantiated. Graphic statistical trends of British exports and imports with EU and non-EU countries are shown graphically. The main problems that have arisen in logistics chains are considered and the reasons for their occurrence are analyzed. The statistical changes in the foreign trade balance of Great Britain in the first quarter are reflected. 2021 in comparison with the IV quarter. 2020 and the reasons for the decline are substantiated. A separate list of changes taking place in the field of trade from January 1, 2021 in such areas as customs control, trade conditions and the mechanism of excise tax. The main legislative and regulatory documents that regulated the sphere of trade before and after Brexit are highlighted.