Revista OEconomica

Raluca-Georgiana ROBU, Maria GHEORGHE (NIŢU), Valentin COJANU, Alexia-Maria POPESCU - Between Opportunity and Dependency: The Evolution of Romania’s Trade with Asian Economies [Între oportunitate şi dependenţă: evoluţia comerţului României cu economiile asiatice]

Narciz BĂLĂŞOIU, Octavian-Dragomir JORA, Răzvan Marian PÎRCĂLĂBESCU - Romania’s Positioning and Room for Manoeuvre: The Dilemmas of Peripheral Adaptation in the New Indo-Pacific [Poziţionarea şi marjele de manevră ale României: dilemele adaptării periferice în noul Indo-Pacific]

Mădălina JURUBIțĂ - Redefining EU Trade Policy for an Age of Geoeconomic Rivalry: Strategic Autonomy, Security, and Resilience

Geicun MUSTAFA - Islamophobia as an Informal Trade Barrier: Reputational Risk and the Political Economy of Deglobalization

Hesam JEBELI-BAKHT-ARA - Racialized Capitalism and Economic Discrimination: The Case of Ethnic Labour Segmentation in Contemporary Europe

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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