Topic of the day-Brexit

What?

British exit from EU

Why?

Basic-UK people facing unemployment, inequality and other problem----basic issue

Agreement with EU-benefit most to upper class

Political--policy making by EU who are.not elected by the people directly

Time-present issue within EU after economic crisis.

Others-Couldn't make agreement with other countries independently like BIT with India

Historical

1.Britain was the last one to join

2.different currency where other members have same currency

3.agreement between unequal states---issue even when process started

Issue with EU

1.influence of few power centre on EU decisions like of germany

2.decision makers are not elected by people directly

Effect

On UK

-ve

1.Tariff payment when products move to EU

2.Economic of scale due to large one entity will be reduced

3.Movement of people would also be not as free as it was

4.Effect on tourism--as borders are not as open as earlier

5.UK have to re-negotiate the agreement with countries with which it was enjying benefit when the part of EU

+ve

1.Can independently have agreement with other countries like with India

2.As EU is going through tough time it can be insulated from its negative effect

On India

-ve

1.Many indian countries have setup their base in UK and could trade easily all over EU, now they have to setup their base in EU along with UK, thus increasing its cost.

2.

+ve

1.Trade deal with is easy as compare with EU which got stuck

On world

-ve

1.Effect on other succesionist movement

2.a good example of world without boundary got losg

+ve

1.As a reminder to all that inequality need to be tackle carefully otherwise system would not remain stable for eg in this case system is EU