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GED Focus Paper: Trump & Brexit – European-Asian Economic Relations Under New Conditions
Asia and Europe need each other and there is more room to intensify interregional cooperation


The Economic Ministers of the 53 member states of the Asia-Europe Meeting (ASEM) are convening in Seoul from September 21 to 22, 2017. Given the rising protectionism worldwide and especially U.S. president Donald Trump’s nationalistic economic policy, we argue that this meeting is an opportunity to signal good economic cooperation beetween Asia and Europe. More ...

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Nobody Wins with BREXIT
Dynamic Welfare Effects of Brexit Negative for all 28 EU Countries


Since the threat of a Grexit has been averted for the time being, a possible exit of the United Kingdom (UK) from the European Union (EU) poses the next danger for European integration. In our study “Costs and benefits of a United Kingdom exit from the European Union” from April 2015, we analyzed the static effects of a Brexit. We were able to show that due to less cross-border trade activities all 28 EU countries would suffer from lower economic growth. Now we calculated the dynamic growth effects of a Brexit. Again, all 28 economies would be faced with lower growth rates. Growth losses would be even larger than in the case of static effects only More ...

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