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L'impact socio-économique du Brexit sur l'Inde, le Pakistan et le Sri Lanka au temps de Corona
[The socio-economic impact of Brexit on India, Pakistan and Sri Lanka in times of Corona]

Author

Listed:
  • Kohnert, Dirk
Abstract
Following the Brexit, London endorsed a CANZUK union with its former white settler colonies, Canada, Australia and New Zealand. This was meant as a valuable alternative to replace lost EU-market access. In contrast, non-white former British dominions – whether big (like India, Pakistan) or small (like Sri Lanka) were left on their own. The Indian Government perceived the Brexit vote initially as rather unfortunate because it would increase global instability and a weakening of the West. Indian multinationals like 'Tata', however, which had invested heavily in Britain as their gateway to Europe, saw Brexit as an economic risk. Later on, New Delhi realised also eventual policy advantages in Britain leaving the EU. The Brexit impact on Pakistan’s economy remained small so far. However, Islamabad would be well advised to formulate separate policies for post-Brexit Britain and the remaining EU-27. Sri Lanka's economic and political ties with the UK, on the other hand, are considerably stronger than with any EU country. Annual trade with the UK amounted to over 10 %. Therefore, Brexit impacted negatively on the Sri Lankan economy. Changes to strengthen economic relations with the UK to overcome post Brexit challenges were imperative. As for the COVID-19 pandemic, it soon became in all three countries not just a health emergency but also a social and economic crisis. Given the historic responsibility of the UK as a former colonial power and the renewed commitment of London to international free trade principles, it seems at least debatable whether the British government should not consider all its former colonies as equal partners concerning its foreign trade policy and grant them the same rights and facilities.

Suggested Citation

  • Kohnert, Dirk, 2021. "L'impact socio-économique du Brexit sur l'Inde, le Pakistan et le Sri Lanka au temps de Corona [The socio-economic impact of Brexit on India, Pakistan and Sri Lanka in times of Corona]," MPRA Paper 108855, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:108855
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    References listed on IDEAS

    as
    1. Kohnert, Dirk, 2020. "The impact of Brexit on Africa in times of the Corona Crisis," MPRA Paper 107700, University Library of Munich, Germany, revised 19 Jun 2020.
    2. Dhananjay Tripathi, 2021. "Evaluating Brexit Implications for India’s Relations with the EU and the UK," International Studies, , vol. 58(2), pages 234-247, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Brexit; pandémie de COVID-19; CANZUK; Royaume-Uni; l'Inde; Pakistan; Sri Lanka; commerce international; zone de libre-échange; union douanière; Anglosphère; settler colonialism; white dominions;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • F68 - International Economics - - Economic Impacts of Globalization - - - Policy
    • I14 - Health, Education, and Welfare - - Health - - - Health and Inequality
    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
    • N40 - Economic History - - Government, War, Law, International Relations, and Regulation - - - General, International, or Comparative
    • N45 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Asia including Middle East
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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