The Trade Costs of Leaving the EU by Roderick Abbott – Project Syndicate

Collectively, the EU is the largest contributo...

Collectively, the EU is the largest contributor of foreign aid in the world. (Photo credit: Wikipedia)

This is an outstanding must read article published by Project Syndicate. The author, Roderick Abbott, is a former deputy director-general at the WTO and a former deputy director-general at the European Commission Directorate-General for Trade.

Source: The Trade Costs of Leaving the EU by Roderick Abbott – Project Syndicate

The detailed argument from one of the world’s authorities is a recommend read. For the busy reader let me cite the conclusion:

Economic forecasting is an uncertain science. But when almost all projections point in the same direction – that Brexit would be hugely damaging to the UK – it is time to decide what is credible and what is not.

Of course, the leaders of the Brexit campaign are avoiding economics, because they know that discussing and admitting the dire economic prognosis post Brexit, would lose them vast swathes of votes.

I agree that the EU needs urgent reform but that can be win-win with the UK playing an important part from within the EU.

Thoughts?

 

 

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