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Begin New Search Topic Regional Cooperation Political Geography United Kingdom Content Type Working Paper

1. The EU–UK relationship: It is what it is

Author:
Fabian Zuleeg and Jannike Wachowiak
Publication Date:
02-2021
Content Type:
Working Paper
Institution:
European Policy Centre (EPC)
Abstract:
The EU–UK Trade and Cooperation Agreement might have pulled both sides back from the brink of a no-deal cliff edge, but it remains a shaky foundation for the next stage of EU–UK relations. Both sides must invest in the relationship and rebuild trust to prevent any conflict from escalating into a tit-for-tat. Or else, they risk the collapse of the deal and the return to a no-deal-like state. In the first months of its new phase, the relationship is already off to a rocky start. The rows over the diplomatic status of the EU mission in London and the Commission’s (now reversed) decision to trigger Article 16 of the Northern Ireland Protocol expose the volatility of the relations and the importance of good communication and trust. The hope for a deal came with the expectation that it would provide the foundation upon which a closer relationship could be constructed over time. It now seems more likely that it will be the basis for a diverging – and at times conflicting – relationship, with little prospect for a significantly closer economic relationship anytime soon. There seems little political appetite on both sides to build on the economic settlement meaningfully, which would require a significant shift of red lines. Previous expectations that a deal would pave the way for outstanding issues, such as the EU granting equivalence for financial services, have also diminished. Given both the political climate and many red lines, the agreed thin economic settlement may be the most we can expect.
Topic:
International Relations, Political Economy, Regional Cooperation, Treaties and Agreements, European Union, and Trade
Political Geography:
United Kingdom and Europe

2. The “Indo-Pacific” Concept: Geographical Adjustments and their Implications

Author:
Wada Haruko
Publication Date:
03-2020
Content Type:
Working Paper
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
The United States, Australia, Japan, India, France, the United Kingdom, Indonesia and ASEAN have adopted the term “Indo-Pacific” as a policy symbol of regional engagement. However, less attention has been given to the change in the geographical definition of the “Indo-Pacific”. This study examines how these countries have adjusted the geographical scope of “Indo-Pacific” to understand how they conceptualise the region. It finds that the inherent core area of the “Indo-Pacific” is from India to the Southeast Asian countries and the seas from the eastern Indian Ocean to the South China Sea, and that the “Indo-Pacific” has converged eastwards and diverged westwards through the geographical adjustment process. It also found that some of the geographical definitions have an additional function of conveying diplomatic messages. These findings will help us understand how the concept of “Indo- Pacific” as conceptualised by various countries develops.
Topic:
Diplomacy, International Cooperation, Regional Cooperation, and ASEAN
Political Geography:
United States, Japan, United Kingdom, Asia, France, Australia, and Indo-Pacific

3. Resilience or Relocation? Expectations and Reality in the City of London since the Brexit Referendum.

Author:
Manolis Kalaitzake
Publication Date:
11-2020
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
The fate of British finance following the Brexit referendum revolves around the “resilience or relocation” debate: will the City of London continue to thrive as the world’s leading financial centre or will the bulk of its activity move to rival hubs after departure from EU trading arrangements? Despite extensive commentary, there remains no systematic analysis of this question since the Leave vote. This paper addresses that lacuna by evaluating the empirical evidence concerning jobs, investments, and share of key trading markets (between June 2016 and May 2020). Contrary to widely held expectations, the evidence suggests that the City has been remarkably resilient. Brexit has had no significant impact on jobs and London has consolidated its position as the chief location for financial FDI, FinTech funding, and attracting new firms. Most unexpectedly, the City has increased its dominance in major infrastructure markets such as (euro-denominated) clearing, derivatives, and foreign exchange – although it has lost out in the handling of European repurchase agreements. Based upon this evidence, the paper argues that the UK’s negotiating position is stronger than typically recognised, and outlines the competitive ramifications for both the UK and EU financial sector.
Topic:
Regional Cooperation, European Union, Brexit, Urban, and Local
Political Geography:
United Kingdom and Europe

4. EU sanctions and Brexit: Losing the hard edge of European foreign policy?

Author:
Juha Jokela and Ilari Aula
Publication Date:
01-2020
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
The EU needs to assume more responsibility in defending its interests and security. Brexit will constitute an additional challenge for the EU in this respect, and has led to calls to strengthen the efficiency of the the Common Foreign and Security Policy, including EU sanctions, which currently form one of the toughest and most increasingly used tools in the EU’s foreign policy toolbox. The UK has been the most active and influential member state in formulating the EU’s sanctions policy. The EU could largely replace the technical expertise provided by the UK, yet the level of ambition of the EU’s sanctions policy is likely to decrease. Even though the UK has taken measures to maintain the sanctions regimes it agreed to as an EU member state, an independent UK sanctions policy could result in divergence. The envisaged coordination mechanisms between EU and UK sanctions policies can mitigate some of the negative implications of Brexit, but they cannot replace the UK’s EU membership.
Topic:
Regional Cooperation, Sanctions, European Union, and Brexit
Political Geography:
United Kingdom and Europe

5. Great Britain and the European Union Beyond Brexit

Author:
Ana Muhar Blanquart
Publication Date:
03-2019
Content Type:
Working Paper
Institution:
Institute for Development and International Relations (IRMO)
Abstract:
Brexit is a term coined of the words “British exit”, referring to the United Kingdom leaving the European Union. First used in 2012 by the founder of the British Influence think-tank Peter Wilding, it became the most frequently used political term in 2016, the year when the British electorate chose to leave the European Union and thus change the political landscape of the United Kingdom and the European Union.
Topic:
Foreign Policy, International Trade and Finance, Regional Cooperation, European Union, and Brexit
Political Geography:
United Kingdom, Europe, England, North Ireland, Ireland, Scotland, and Wales

6. Britain's Uncertain Brexit March

Author:
Marko Attila Hoare
Publication Date:
06-2019
Content Type:
Working Paper
Institution:
Institute for Development and International Relations (IRMO)
Abstract:
The popular vote of the UK on 23 June 2016 to leave the EU has been politically an earthquake for the first and a shock to the second. Retrospectively, the outcome was likely, given the structural factors both within Britain and between Britain and the EU. Yet these same factors have obstructed a clear British post- referendum strategy for secession: Britain Britain’s relationship to Europe is traditionally ambiguous. Britain’s identity - of a Protestant island-state formed in 1707 from the Anglo- Scottish union - was cemented during the eighteenth and nineteenth centuries in wars against the Catholic powers of continental Europe. It was successively reinforced by Napoleon’s anti-British Continental System; does not know what kind of Brexit it wants, or whether it wants one at all. This briefing will examine the causes of the Brexit revolution and the reasons for its uncertain execution, before considering the likely outcome.
Topic:
Regional Cooperation, Geopolitics, Europe Union, and Brexit
Political Geography:
United Kingdom, Europe, England, Scotland, Northern Ireland, and Wales

7. International Development Cooperation After Brexit

Author:
Mikaela Gavas
Publication Date:
01-2019
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
Mikaela Gavas submitted written evidence to the United Kingdom's House of Lords EU External Affairs Sub-Committee on January 31, 2019. In her evidence Gavas answered questions about the future of UK-EU development cooperation after Brexit.
Topic:
Development, Regional Cooperation, European Union, and Brexit
Political Geography:
United Kingdom and Europe

8. 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

9. The 2019 European elections: New political constellations

Author:
Tuomas Iso-Markku and Marco Siddi
Publication Date:
05-2019
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
Three main factors will determine the shape of the next European Parliament (EP): the outcome of the elections, the organisation of national parties into supranational political groups, and developments in the Brexit process. Everything points towards some significant changes – and a considerable degree of uncertainty – in the new EP. The EP’s centre-right and centre-left groups are expected to lose their combined majority for the first time since 1979, whereas far-right parties and liberal democrats will likely increase their representation. The EP’s mainstream groups will therefore need new allies to achieve majorities, which could boost the influence of the smaller groups. The choice of the next Commission President will be the first major test for the new EP. While most political groups have designated candidates, it is unclear whether the Spitzenkandidaten system will be followed. If and when it takes place, Brexit will have an impact on the size of the EP, reducing it from 751 to 705 seats, as well as on the composition of the political groups that include British parliamentarians.
Topic:
Regional Cooperation, European Union, Brexit, and European Parliament
Political Geography:
United Kingdom and Europe

10. Europe in 2019: A Critical and Transitional Year

Author:
Rachel Lutz Ellehuus, Ricklef Beutin, and Quentin Lopinot
Publication Date:
02-2019
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
For European countries and institutions as well as for transatlantic relations, 2019 will be a pivotal year. With several important leadership, policy, and structural transitions taking place in capitals and Brussels, there will be instability and uncertainty but from this could stem more positive dynamics. While the twists and turns of events remain unpredictable, what follows is a quick take on some of the most significant events on the European and transatlantic security and defense calendar for 2019 and the important stakes that are at play.
Topic:
Regional Cooperation, European Union, Brexit, and Regionalism
Political Geography:
United Kingdom and Europe