Economics, Econometrics and Finance
4 years ago

Brexit's Impact on Developing Markets: EU's Role in Economic Stability

Tanzanian Economic Review
The Effect of Brexit and the European Union on Markets in Developing Countries
Babatunde Wasiu Adeoye

Paper Summary

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The EU plays a big role in developing countries' markets. It was created to make a 'Common Market' with free movement of goods, services, people, and money. This goes beyond just reducing trade tariffs. The EU is super important to the UK, being its biggest trading partner. Brexit will have a big impact on the UK economy. The EU also helps out the ECOWAS by supporting trade and economic growth.