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  • June 24, 2016
  • Other Article
  • Harvard Business School Working Knowledge

Why Brexit Is a Big Deal

By: John A. Quelch
  • Format:Electronic
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Abstract

The consequences of yesterday's vote by the British people to leave the European Union will be far-reaching, but there is no reason for global markets to panic.
Brexit is a vote against the European Union. Once heralded as the engine of a one-for-all and all-for-one economic growth, the EU is now seen by many Britons as an expensive, interfering and sclerotic bureaucracy.

Keywords

British Vote; Brexit; European Union; Impact; Historical Result; Governing Rules, Regulations, And Reforms; Disruption; Transition; Volatility; Decision Making; Globalization; Government and Politics; History; Leadership; Outcome or Result; Risk and Uncertainty; Strategy; European Union; Republic of Ireland; United Kingdom

Citation

Quelch, John A. "Why Brexit Is a Big Deal." Harvard Business School Working Knowledge (June 24, 2016). (Republished by Forbes.com on June 24, 2016 at: http://www.forbes.com/sites/hbsworkingknowledge/2016/06/24/why-brexit-is-a-big-deal/#2c5e5c587297.)
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About The Author

John A. Quelch

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