Reference no: EM132973695

Sustainability in a Global Economy

The European countries started to cooperate economically in 1951; only Belgium, Germany, France, Italy, Luxembourg, and the Netherlands participated. Currently, the Union has 27 EU countries as members. The United Kingdom (UK) was a member state of the European Union and of its predecessor the European Communities from 1 January 1973 until 31 January 2020 (European Union, 2020). The UK formally left the EU on 31 January 2020 and entered into an 11-month transition period. During this period, the UK will continue to follow all of the EU's rules and its trading relationship will remain the same.

Demonstrate an understanding of concepts and theories such as Globalisation and Trade Theory, Global Trade and Investment, Global Monetary System, and Sustainability in a Global Economy to answer the following questions: 

1. UK was a member of the EU for 47 years. What have been the pros and cons of the UK for being a member?
2. How will Brexit impact British and EU citizens?
3. What trade deals has Britain completed since leaving the EU?
4. What border issues will be impacted by Brexit?
5. What policies do you think the UK should adopt going forward to create economic growth?
6. How will Brexit impact the EU members?
7. What effect do you think Brexit will have on the global economy?

You are expected to provide a minimum of three outside references and the references should be written in APA format.