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The Brexit and the political economy development

As part of the reasons the 51,8% of the people that voted that Great Britain should
exit the European Union, or Brexit, as it is commonly called,(amount and reasons
cited or paraphrased from: Qué es el Brexit y otras preguntas básicas para entender
la salida de Reino Unido de la Unión Europea. (2019, March 12). Retrieved August
29, 2019, from https://www.bbc.com/mundo/noticias-internacional-46521624) there
are various that can relate directly onto how this decision could improve the growth
of the Economy as well as the speed it could develop, such as:

- The first argument: “Great Britain will not be under the “four fundamental
liberties”, which are: the free movement of workers, goods, services and
capital.” which could mean that Great Britain would not need to compete with
other countries from the European Union at the same flow, or with the same
rules, giving Great Britain the possibility to restructure their economy as well
as their industries, so they could be more competent for the Globalized
market.
- The second argument: “the British were going to regain control over their own
affairs, particularly over their borders, which would allow better control of
migration.” which could mean a better control of the inputs and outputs of
products as well as people. By having this point established and understood
we can see that this could derivate into a Mixed or Command economy,
where the Parliament could get control over the production as well as the
entrance of competence into the country (this could be partial, as a Mixed
economy, or total, as a Command economy), and where they could establish
the “Game rules” for producing, marketing, importing, exporting, taxing,
pricing and selling inside Great Britain.
These reasons made that 51,8% of the population voted positive for the exit of Great
Britain from the European Union.
This process is already on the works and the European Union gave the Great Britain
government a period of transition that could extend to the 31st of December of 2020,
but also is established that to honor the compromises with the European Union,
Great Britain has to pay a total of 50 thousand million US Dollars, which is equivalent
to 39 thousand million pounds.
And also there is a compromise from both parts (Great Britain and the EU) for
safeguarding the rights of British citizens established or living on countries of the
European Union, as a way to impede the creation of physical frontiers between
Great Britain and Ireland.

Great Britain will have their economical liberties, but still will have to adapt to the
european countries and their rules for commerce between countries, with certain
risks for companies that would like to settle on Great Britain, as it's not known what
could departure to them in terms of regulations, bribes, taxes, and acceptance from
the British, but with all risks there can be rewards, for example, if Great Britain and
it's government generate a more “entrepreneur friendly” infrastructure, with a growing
economy and rules that are accepted for those companies that want to invest there,
this could potentially create a rich environment for Innovation and Entrepreneurship,
which could skyrocket the attractiveness of Great Britain in the market, leading into a
exponential growth of their economy as well as their businesses, giving them a better
place in the economy worldwide, BUT, if the Government doesn't takes the right
decisions for their economy, their industries and their market, this phenomenon
could lead to catastrophic results that could affect profoundly their economy and
backfire on their plans for creating a more independent and free-of-restrictions
economy.

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