Revista OEconomica

Tudor Constantin BĂLAN - Cycles of Freedom: Are Our Rights Today Permanently Secured, or Are We in a Transitional Phase? The Cases of Great Britain, the United States, and Russia

Marius-Cristian PANĂ, Adela BĂLAN - Economic Freedom and Prosperity: A Comparative Analysis of Welfare Determinants at the International Level

Ana Octavia ALBU - When Accurate Forecasts Still Produce Waste: Demand Shocks and Over-Forecasting Risk in Food Retail

Adrian-Ioan DAMOC - The Persian Pivot and the Reconfiguration of Geopolitical Realism: Iran and Venezuela in Strategic Competition among the United States, China, and Russia

Emmanuel Olusegun STOBER - Coercive Diplomacy in the Gulf and the Limits of the Strike-Forward Strategy: Toward a Middle-Power Coalition for Regional Stability

Sorin-Nicolae CURCĂ - On the Informational Entropy of Economic Shock

Florin DĂNESCU - The Banking Sector as Critical Infrastructure in the Logic of Hybrid Conflict: Post-2014 Legislative Convergence in Central and Eastern Europe and the Case of Romania

Alexandru POPOVICI - The Contribution of the Music Industry to GDP and Employment: A Comparative Analysis

Mohammed AL-NASSERY - Implications of the War in the Middle East: An Analysis of the Economic, Security, Humanitarian, and Political Dimensions

Mihai LĂCĂTUŞ - GDP as a Means, Not an End: Inequality as the Missing Variable in Fiscal Policy Design – A 60-Country Analysis of Economic Growth and Subjective Well-Being

Articles on Issue Theme

Andreas STAMATE-ŞTEFAN

Academia de Studii Economice din Bucureşti

The exit from the EU is the product of few decades of active Euroscepticism in British politics and academics, too. The exit as such shouldn’t surprise anyone. More important is its rationale, which necessarily pays attention back to what EU was planning to be in its first days – a free trade area and common market – and what has become nowadays – a super protectionist quasi-state with powers over the national sovereignty in a wide range of problems: monetary, fiscal (even if only partially), commercial, immigration. The present paper seeks to highlight three main points: (1) Brexit is an opportunity to reaffirm the distinction between economic and political integration, (2) Brexit is not an economic crisis, but a political one and (3) a critical overview of the possible economic consequences of Brexit is needed to distinguish alleged costs from illusive benefits.

ŒCONOMICA no. 4/2019

Keywords: Brexit, economic integration, political unification, economic crisis, protectionism

JEL: F02, F15, F53, N44, O10

Brexit and the Economics of a Political Crisis

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