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11. Covid 19 and post Brexit migration policy

Author:
Alberto Costa, Jonathan Portes, Lauren McLaren, Marina Fernandez Reino, and Tim Bale
Publication Date:
06-2020
Content Type:
Video
Institution:
UK in a Changing Europe, King's College London
Abstract:
Our recent #IsolationInsight virtual event looked at what the UK’s post Brexit immigration regime could and should look like, considering also public opinion on immigration and the impact of the Covid-19 pandemic. Speakers: Alberto Costa, Conservative MP for South Leicestershire Professor Jonathan Portes, senior fellow at the UK in a Changing Europe Professor Lauren McLaren, @University of Leicester Marina Fernandez Reino, Migration Observatory Chair: Professor Tim Bale, deputy director at the UK in a Changing Europe
Topic:
Economics, Migration, Politics, Immigration, Economy, Brexit, and COVID-19
Political Geography:
United Kingdom and Europe

12. The economics of Brexit and Covid-19

Author:
Ben Chu, Jonathan Portes, Meredith Crowley, Gemma Tetlow, and Anand Menon
Publication Date:
06-2020
Content Type:
Video
Institution:
UK in a Changing Europe, King's College London
Abstract:
Our recent #IsolationInsight event discussed the economics of the coronavirus pandemic and the UK’s departure from the EU. Speakers : Ben Chu, economics editor, @The Independent ; Professor Jonathan Portes, senior fellow, The UK in a Changing Europe ; Dr Meredith Crowley, senior fellow, The UK in a Changing Europe ; Dr Gemma Tetlow, chief economist, @Institute for Government ; Chair: Professor Anand Menon, director, The UK in a Changing Europe
Topic:
Economics, European Union, Brexit, Pandemic, and COVID-19
Political Geography:
United Kingdom and Europe

13. Economics of Covid-19 and Brexit, revisited

Author:
Ben Chu, Meredith Crowley, Gemma Tetlow, Thomas Sampson, and Anand Menon
Publication Date:
10-2020
Content Type:
Video
Institution:
UK in a Changing Europe, King's College London
Abstract:
At this Isolation Insight webinar, panelists discussed the economics of the Covid-19 pandemic and the UK's exit from the EU, six months after lockdown began and with less than three months left of the transition period. Speakers: Ben Chu, economics editor, The Independent; Meredith Crowley, senior fellow, UK in a Changing Europe; Gemma Tetlow, chief economist, Institute for Government; Thomas Sampson, associate professor, London School of Economics; Chair: Anand Menon, director, UK in a Changing Europe
Topic:
Economics, European Union, Brexit, Transition, and COVID-19
Political Geography:
United Kingdom and Europe

14. Global giants and local stars: How changes in brand ownership affect competition

Author:
Vanessa Alviarez, Keith Head, and Thierry Mayer
Publication Date:
11-2020
Content Type:
Working Paper
Institution:
Centre d'Etudes Prospectives et d'Informations Internationales (CEPII)
Abstract:
We assess the consequences for consumers in 76 countries of multinational acquisitions in beer and spirits. Outcomes depend on how changes in ownership affect markups versus efficiency. We find that owner fixed effects contribute very little to the performance of brands. On average, foreign ownership tends to raise costs and lower appeal. Using the estimated model, we simulate the consequences of counterfactual national merger regulation. The US beer price index would have been 4-7% higher without divestitures. Up to 30% savings could have been obtained in Latin America by emulating the pro-competition policies of the US and EU.
Topic:
Economics, International Political Economy, and Multinational Corporations
Political Geography:
United States, United Kingdom, Latin America, and Global Focus

15. The Projected Economic Impact of COVID-19 on the U.K. Creative Industries

Author:
Alice Gambarin and Osman Ismail
Publication Date:
06-2020
Content Type:
Working Paper
Institution:
Oxford Economics
Abstract:
This report explores the short-term effects of Covid-19 on the financial sustainability of the creative industries in the UK. Along with the tourism sector, Creative Industries (CIs) are among the most affected by the current Covid-19 crisis. Creative workers, one of the more vulnerable sectors of the workforce, are already seeing devastating impacts on their income, not only in turnover terms, but also in their charitable contributions and sponsorship. Leaving behind the more fragile part of the sector could cause irreparable socio-economic damage. We find that the Creative Industries are projecting a combined £77bn turnover loss over the course of 2020 compared to 2019 (-31%). This is expected to translate into a GVA shortfall of £29bn in 2020 compared to 2019 (-26%), over half of which is in London. In 2020, CIs are projecting a 122,000 drop in employment among employees (despite the Coronavirus Job Retention Scheme - JRS) and a further 287,000 job losses among self employed workers, compared to 2019 levels. In total, 409,000 CIs jobs are considered at risk, 27% of which are in London and 20% are in the South East.
Topic:
Economics, Public Health, Pandemic, COVID-19, and Socioeconomics
Political Geography:
United Kingdom and Europe

16. An Economic Analysis Of The Fall Of France In June 1940 Based On The Theory Of New Institutional Economics

Author:
Ioannis Salavrakos
Publication Date:
08-2019
Content Type:
Journal Article
Journal:
Journal of Military and Strategic Studies
Institution:
Centre for Military, Security and Strategic Studies
Abstract:
he paper challenges the view that the fall of France in June 1940 is attributed to military errors of the French High Command and with the brilliant German offense in the Ardennes. The paper highlights that the French security strategy after the end of World War I failed because the country lacked the economic basis to implement its strategy. Thus the paper argues that the French endorsed an internal and external balancing strategy against Germany. The internal balancing strategy was associated with the ability of France to sustain powerful armed forces and obviously this was associated with high defense spending and a strong economy. The second part was associated with external balancing which was associated with the creation of alliances in Eastern Europe in order to block any German expansion. Again this was associated with strong economic relations between France and these states. This strategy was implemented during the 1919-1929 period however after the global economic crisis erupted the deterioration of the French economy made the continuation of this strategy impossible. Thus France was forced to follow a defensive strategy at the military level and the privileged bilateral economic relations with Eastern European countries were abolished and Germany replaced France as the major economic and trading partner of these states.
Topic:
Economics, Regional Cooperation, Military Strategy, and World War II
Political Geography:
United Kingdom, Europe, France, and Germany

17. The Global Impact of Brexit Uncertainty

Author:
Tarek A. Hassan, Laurence van Lent, Stephan Hollander, and Ahmed Tahoun
Publication Date:
01-2019
Content Type:
Working Paper
Institution:
Institute for New Economic Thinking (INET)
Abstract:
Using tools from computational linguistics, we construct new measures of the impact of Brexit on listed firms in the United States and around the world: the share of discussions in quarterly earnings conference calls on costs, benefits, and risks associated with the UK’s intention to leave the EU. Using this approach, we identify which firms expect to gain or lose from Brexit and which are most affected by Brexit uncertainty. We then estimate the effects of these different kinds of Brexit exposure on firm-level outcomes. We find that concerns about Brexit-related uncertainty extend far beyond British or even European firms. US and international firms most exposed to Brexit uncertainty have lost a substantial fraction of their market value and have reduced hiring and investment. In addition to Brexit uncertainty (the second moment), we find that international firms overwhelmingly expect negative direct effects of Brexit (the first moment), should it come to pass. Most prominently, firms expect difficulties resulting from regulatory divergence, reduced labor mobility, trade access, and the costs of adjusting their operations post-Brexit. Consistent with the predictions of canonical theory, this negative sentiment is recognized and priced in stock markets but has not yet had significant effects on firm actions.
Topic:
Economics, Political Economy, Regional Cooperation, Brexit, Global Political Economy, and Economic Policy
Political Geography:
Britain, United States, United Kingdom, Europe, and European Union

18. The role of Chinese finance in the City of London after Brexit

Author:
Sarah Hall
Publication Date:
06-2019
Content Type:
Policy Brief
Institution:
Asia Research Institute, University of Nottingham
Abstract:
London is the largest western financial centre for financial transactions denominated in Renminbi (RMB) and has played an important role in shaping the rapid and recent internationalisation of Chinese finance. This policy brief discusses how to maintain this leading role post-Brexit.
Topic:
Economics, International Political Economy, Finance, Brexit, and Financial Institutions
Political Geography:
Britain, China, and United Kingdom

19. The role of Chinese finance in the City of London after Brexit: Background Report

Author:
Sarah Hall
Publication Date:
06-2019
Content Type:
Special Report
Institution:
Asia Research Institute, University of Nottingham
Abstract:
The competitiveness of London’s financial centre is shaped by the UK’s current adoption of EU regulations. The future development of London’s financial services sector is unknown as Britain’s relationship with Europe changes following the vote to leave the EU in the 2016 referendum. This uncertainty arises because even if Theresa May’s Withdrawal Agreement is adopted, the UK will then have to choose whether to converge, seek equivalence with or diverge from EU regulations for financial services. Research by Professor Sarah Hall (University of Nottingham) argues that the implications of these regulatory decisions will impact London’s financial services sector’s relationship with financial markets globally. Her research focuses on how London’s role as the largest western financial centre for financial transactions denominated in China’s currency, the renminbi, could be adversely affected following changes in the regulatory alignment between the UK and the EU following Brexit.
Topic:
Economics, International Political Economy, Finance, and Financial Institutions
Political Geography:
Britain, China, and United Kingdom

20. The United Kingdom's Belt and Road Initiative strategy after Brexit: Background Report

Author:
Benjamin Barton
Publication Date:
06-2019
Content Type:
Special Report
Institution:
Asia Research Institute, University of Nottingham
Abstract:
As China and President Xi Jinping signature foreign policy programme, the BRI has become in a very short space of the time one of the world’s largest and most active international infrastructure development drivers. The BRI is helping, in a significant manner, to meet the increasing demand for infrastructure development and upgrades in emerging markets – a trend that is unlikely to slow anytime time soon, especially given the initiative’s current importance to the Chinese government. For the British government (from here onwards ‘government’), although the UK is unlikely to be a prime destination for BRI projects (for now), the BRI stakes are high. Not only do BRI projects impact the economic wellbeing of a number of countries of strategic importance to the UK, but the government cannot remain passive in the emerging geopolitical context of infrastructure development and financing rivalry. In addition, in light of its relative post-Brexit geopolitical isolation, the government needs to adopt a firm and unequivocal political stance in dealing with its Chinese counterpart should the UK itself become the recipient of BRI projects.
Topic:
Economics, Bilateral Relations, Geopolitics, Brexit, Multilateralism, and Belt and Road Initiative (BRI)
Political Geography:
China, United Kingdom, and Asia