ABSTRACT

The uncertainty of post-Brexit relations between the UK and the remaining EU-27 countries has caused political and economic concerns. The ongoing negotiations concerning future relations cover various scenarios that may have different impacts on the individual economies in both an economic and a political sense. In this chapter, we analyze the consequence of British voters’ decision to withdraw from the European Union (EU), through the lens of a disintegration process by measuring the degree of vulnerability of the individual EU-27 countries. We provide an economically rigorous and critical assessment of Brexit, with a focus on ranking of potential winners and losers. Through the lens of the disintegration process, we contribute to the ongoing debate regarding the Brexit negotiation process by providing strong arguments in favor of selected scenarios and by identifying the potential winners and losers amongst the EU member states.