Post-Brexit Britain would need to keep migration high to prevent economic fallout
The article describes the likely impact of Uk’s exit from the Euro Zone on the economies of both the parties involved.
Topics include Economic Integration, Monetary Union, advantages and disadvantages of the Economic Integration. Explain using the diagrams for different stages of economic integration. Also mention the fact that UK maintained its own currency and monetary policy while being a member of the Euro Zone and implication of the earlier position on UK’s Exit.
Evaluation will cover impact on workers, consumers, producers and governments through changes in the prices of goods & services, employment opportunities, allocative and productive efficiencies, tax revenues and economic growth rates in UK and Euro Zone in both short term and long term.