What If Brexit Was Only the Beginning?

A must-read piece from the Boston Consulting Group:

“In polls, sizable majorities in the United States and key European countries now demand a reorientation around narrow national interests, proclaiming, ‘Let other countries deal with their own problems.’ As more people feel left behind by economic progress, this sentiment could grow and percolate into politics and then policy. And such policies could prove to be contagious across nations.”

“Firms could soon find themselves in an environment of escalating political risk in terms of trade, access to talent, regulatory rules and constraints, and restrictions on new technologies. Political uncertainty could become the major business risk, compromising firms’ ability to innovate, to access markets and talent, and to invest and create wealth.”

“In short, it appears that many are so dissatisfied with the current game that they are threatening to end it, even at significant cost to themselves, thereby jeopardizing two major drivers of global economic prosperity: globalization and technological progress.”

FavoriteLoadingSave to Favorites
Read previous post:
The Demographics that Drove Brexit

Financial Times: "Below are five of the most statistically significant of these factors. Polling ahead of the referendum had long...

Close