UK’s Exit from the European Union: Key Effects Thesis

Exclusively available on Available only on IvyPanda® Made by Human No AI

There have been debates concerning UK’s exit in case it leaves the EU, but the fact remains that leaving the EU will be a historical mistake of major proportions. Essentially, its effects will be felt sharply in the short term and have a lasting impact on economic migrants in the UK and the EU for many years. Generally, UK’s decision to leave the EU affects economic migrants because the UK is more economically dependent on the EU than vice versa, as its GDP on exports is higher than its imports to the EU.

One of the impacts of the UK’s exit from the EU is that it would have to increase immigration from non-EU countries substantially. UK’s open markets and its relationship with the EU heavily depress its labor market for domestic talent. The UK GDP varies as time goes by as there is a high rate of losses than gains. Compared to the 3.1% of GDP produced by exports to the UK among the other member States, exports to the EU account for 12.6% of the UK’s GDP (Fassoulas, 2022). In the long run, this will lead to increased economic and political costs. Essentially, this may affect the generation that is thereof and the coming one reducing the UK’s standing in the world and its ability to influence the international events that affect it the most. Moreover, none of the alternative relations with the EU present itself as more advantageous than EU membership.

Institute of Human Resource Management (IHRM) policies and practices are necessary to address the UK’s economic effects upon leaving the EU. Employers may need to reskill certain professions and implement flexible working arrangements to attract and keep people in comparatively lower-skilled roles (Ridgway, 2019). Finally, removing limits on hiring from within the European Economic Area may result in a rise in skilled worker migration globally to meet job requirements.

References

Fassoulas, P. (2022). The consequences of a UK exit from the EU. European Movement International. Web.

Ridgway, M. (2019). . Employee Relations: The International Journal, 41(5), 1033-1045. Web.

More related papers Related Essay Examples
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2024, April 4). UK's Exit from the European Union: Key Effects. https://ivypanda.com/essays/uks-exit-from-the-european-union-key-effects/

Work Cited

"UK's Exit from the European Union: Key Effects." IvyPanda, 4 Apr. 2024, ivypanda.com/essays/uks-exit-from-the-european-union-key-effects/.

References

IvyPanda. (2024) 'UK's Exit from the European Union: Key Effects'. 4 April.

References

IvyPanda. 2024. "UK's Exit from the European Union: Key Effects." April 4, 2024. https://ivypanda.com/essays/uks-exit-from-the-european-union-key-effects/.

1. IvyPanda. "UK's Exit from the European Union: Key Effects." April 4, 2024. https://ivypanda.com/essays/uks-exit-from-the-european-union-key-effects/.


Bibliography


IvyPanda. "UK's Exit from the European Union: Key Effects." April 4, 2024. https://ivypanda.com/essays/uks-exit-from-the-european-union-key-effects/.

If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
This academic paper example has been carefully picked, checked and refined by our editorial team.
No AI was involved: only quilified experts contributed.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment
Privacy Settings

IvyPanda uses cookies and similar technologies to enhance your experience, enabling functionalities such as:

  • Basic site functions
  • Ensuring secure, safe transactions
  • Secure account login
  • Remembering account, browser, and regional preferences
  • Remembering privacy and security settings
  • Analyzing site traffic and usage
  • Personalized search, content, and recommendations
  • Displaying relevant, targeted ads on and off IvyPanda

Please refer to IvyPanda's Cookies Policy and Privacy Policy for detailed information.

Required Cookies & Technologies
Always active

Certain technologies we use are essential for critical functions such as security and site integrity, account authentication, security and privacy preferences, internal site usage and maintenance data, and ensuring the site operates correctly for browsing and transactions.

Site Customization

Cookies and similar technologies are used to enhance your experience by:

  • Remembering general and regional preferences
  • Personalizing content, search, recommendations, and offers

Some functions, such as personalized recommendations, account preferences, or localization, may not work correctly without these technologies. For more details, please refer to IvyPanda's Cookies Policy.

Personalized Advertising

To enable personalized advertising (such as interest-based ads), we may share your data with our marketing and advertising partners using cookies and other technologies. These partners may have their own information collected about you. Turning off the personalized advertising setting won't stop you from seeing IvyPanda ads, but it may make the ads you see less relevant or more repetitive.

Personalized advertising may be considered a "sale" or "sharing" of the information under California and other state privacy laws, and you may have the right to opt out. Turning off personalized advertising allows you to exercise your right to opt out. Learn more in IvyPanda's Cookies Policy and Privacy Policy.

1 / 1