Trading with the world after Brexit

In this study guide, you will learn more about the UK's global trade prospects after Brexit. It is designed for AS/A Level Economics and AS/A Level Business. 

Global trade strategies after Brexit?

What Brexit means for financial markets

Let's talk Turkey..Norway, and Switzerland: trade strategies after Brexit

Steve Woolcock (LSE) gives us his take

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Details

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Details

Learning outcomes:

In this study guide, you will learn more about BREXIT AND ECONOMIC RELATIONS AROUND THE WORLD

  • What kind of trade relations did the UK have with Europe before Brexit?
  • What will happen after Brexit?
  • What does Brexit mean for the UK’s trade relations with the rest of the world?
  • Did globalisation cause Brexit?

The activities are intended to help you deepen your understanding of these issues. They will also support the development of those critical thinking skills that you will be expected to demonstrate in your A / AS Level Exams, and at university. 

If you are a STUDENT you will find these activities useful as part of your self-guided study or exam preparation. 

If you are a TEACHER you may wish to incorporate these activities into your lesson plans either as individual OR small group activities. 

Activity 1

This activity asks you to assess the UK's global trade prospects after Brexit. Read the relevant articles on trade. Based on the evidence, consider whether the UK be a meaningful economic power in the world after Brexit. Does the global political environment help or not? You should be prepared to fully explain your position.

Global threats to trade: a backdrop to ‘Global Britain’ - Trump, WTO and more:

http://blogs.lse.ac.uk/brexit/2018/03/19/the-implications-of-the-looming-global-trade-war-for-brexit-britain-are-severe/

Priti Patel on the potential for London to be a global financial centre for developing countries after Brexit:

https://www.gov.uk/government/news/priti-patel-urges-city-of-london-to-become-global-financial-centre-for-developing-countries

 

Activity 2

This activity asks you to compare different possible trade relationships that the UK can have with the EU. Listen to Steve Woolcock and Paola Conconi about the possible trade relationship the UK can have with the EU. Consider the advantages and disadvantages of different relationships. What kind of trade deal do you think the UK should try to have with the EU? You should aim to identify a series of POINT / EXAMPLE / EXPLANATION style arguments based on the videos below.

Steven Woolcock (LSE) on the types of trade options available to the UK:

https://www.bloomberg.com/news/videos/2017-04-27/lse-s-woolcock-on-u-k-trade-deals-brexit-video

Paola Conconi (LSE Growth Commission) on prospect of future free trade deals for the UK:

https://www.youtube.com/watch?v=QnSmR_ZontE

Activity 3

This activity asks you to consider the relationship between globalisation and Brexit. Read through the articles below. How could globalisation have contributed to Brexit? Be prepared to fully explain your position citing relevant evidence.

Globalisation gone wrong? Examining the bigger causes of Brexit

http://blogs.lse.ac.uk/brexit/2017/11/07/understanding-the-motivations-of-leave-voters-will-play-an-important-role-in-determining-the-future-of-globalisation/

Brexit and immigration in a globalised economy:

http://cep.lse.ac.uk/pubs/download/brexit05.pdf

The Guardian's take on Brexit's causes: 

https://www.theguardian.com/commentisfree/2018/mar/03/brexit-immigration-jobs-eton-europe

Our Common Future After Brexit

This activity invites you to join our Generation Brexit community and directly take part in the debate on Our Common Future After Brexit. These links and videos should have helped you think more deeply about what Brexit can mean, positively or negatively, for the UK's global trade aspirations. Next you should go to the platform to read what other young people think. Try to decide what YOU think.

Do you have an IDEA to share?

Generation Brexit has one purpose: it gives young people across the UK and the EU a voice in the Brexit negotiations. By taking part in this policy making project you can shape the future of UK-EU relations post-Brexit. The best ideas will be turned into policy proposals sent to the UK and EU parliaments. 

Generation Brexit is also offering an exciting opportunity for Sixth Form students to intern with an LSE crowdsourcing project as a PLATFORM FACILITATOR responsible for encouraging constructive engagement with Brexit related issues amongst platform users.

Each PLATFORM FACILITATOR will be expected to spend half an hour on the platform each week for a period of four weeks, and earn 100 participation points on the platform. These participation points can be earned by voting or commenting on other people’s ideas, responding to surveys or posting your own ideas. PLATFORM FACILITATORS who fulfil these requirements will receive a certificate  from the LSE to highlight their contribution to the project.

This is a great opportunity to participate in the Brexit debate and gain valuable experience that you can include in your UCAS personal statement. For more information contact brexit@lse.ac.uk

Brexit and a changing world? What caused Brexit

Globalisation gone wrong?

But can't immigration also be a good thing? Here's what some LSE academics have to say

Priti Patel reckons Brexit is an opportunity for London

What caused Brexit?

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