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Geography still matters a lot. Japan [1] trades mostly with Asia, and the UK [2] with nearby countries (it trades more with Sweden than Canada; more with the Ne
by airesQ 10y ago
Geography still matters a lot. Japan [1] trades mostly with Asia, and the UK [2] with nearby countries (it trades more with Sweden than Canada; more with the Netherlands than China).
When it comes to trade deals, the UK does not have all that much leverage. And Brexit was (to some extent) a vote for protectionism (e.g. against TTIP).
[1] - http://atlas.media.mit.edu/en/visualize/tree_map/hs92/export/jpn/show/all/2014/ http://atlas.media.mit.edu/en/visualize/tree_map/hs92/export...
[2] - http://atlas.media.mit.edu/en/visualize/tree_map/hs92/export/gbr/show/all/2014/ http://atlas.media.mit.edu/en/visualize/tree_map/hs92/export...
- mrec 10y agoSure, but still, 55% is more than 45%. I agree that much of the support for Brexit had protectionist roots, though I think that was far more about labour protectionism than goods. Very few people in the UK have even heard of TTIP; it doesn't get mainstream coverage here. That may change once the UK steps out of the EU's trade-protectionist umbrella, of course; those trying to spin the result as a ringing popular endorsement of Extreme Globalization Turbo Max Pro are definitely being disingenuous.