How will Brexit affect International trade for the UK?

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Econstudent26
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I have to write an article on how Brexit will affect International trade for the UK. Does anyone have any tips on what to talk about?
Much appreciated.
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BlairPeach
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(Original post by Econstudent26)
I have to write an article on how Brexit will affect International trade for the UK. Does anyone have any tips on what to talk about?
Much appreciated.
I planned a question similar to this in Economics last year. I'll try to remember what I wrote:

First of all I made it clear that no one has every left the EU before: it's impossible to understand clearly the effects of Brexit on the economy. Also, it hugely depends on a hard/soft Brexit? ie are we planing to leave the single market etc.

Then include pros and cons;

May lead to higher important tariffs - increases costs for firms within the UK. Leading to cost push inflation, lower profits, fall in choice, fall in consumer welfare etc. Try and refer to Micro (producer/consumer) and Macro (whole economy)

any more info just message!
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15writers
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I would start with discussing trade agreements within the EU and outside the EU. Then, I would consider possible scenarios for the UK international trade after brexit: the Norway scenario and Swiss model, for example.
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The Financier
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(Original post by Econstudent26)
I have to write an article on how Brexit will affect International trade for the UK. Does anyone have any tips on what to talk about?
Much appreciated.
Aside from the great suggestions above of discussing different 'terms of Brexit', you could look for some academic papers that have been published on it. People will always dispute their utility but they can be great introductions to the current state of wider economic modelling of macroeconomic trade which will show you've done your research and are thinking outside the box of A-Level standard analysis.

To start you off, look up some of the papers based on gravity models (the notion that bilateral trade is most often dominated by economic size and geographical proximity) that were done pre-referendum and evaluate their applicability in certain terms of Brexit.
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username4212292
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(Original post by Econstudent26)
I have to write an article on how Brexit will affect International trade for the UK. Does anyone have any tips on what to talk about?
Much appreciated.
Brexit? International trade? Means we get to recolour the world Imperial Pink

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