IDEAS home Printed from https://ideas.repec.org/a/taf/rripxx/v24y2017i2p179-202.html
   My bibliography  Save this article

Open economy politics and Brexit: insights, puzzles, and ways forward

Author

Listed:
  • Erica Owen
  • Stefanie Walter

Abstract

On 23 June 2016, a majority of 52% of British voters decided in a referendum that the United Kingdom should leave the European Union. The decision sent shockwaves around Britain, Europe, and the world: the ‘Brexit’-vote presents the first instance that a country has voted to exit a major supranational institution, putting both the European integration project and the future of the United Kingdom in a globalized world into question. At the time of writing, four months after the referendum vote, the contours of Brexit remain unclear. Yet even within this short time frame, Brexit politics have been remarkable on both the domestic and the international level. In this paper, we first present a brief overview of IPE research in the open economy politics (OEP) tradition. We then discuss the insights OEP provides that help us to better understand the referendum vote and Brexit politics, but also emphasize that they present a number of puzzles for OEP-inspired researchers. Based on this analysis, the final section suggests avenues for advancing the OEP research program.

Suggested Citation

  • Erica Owen & Stefanie Walter, 2017. "Open economy politics and Brexit: insights, puzzles, and ways forward," Review of International Political Economy, Taylor & Francis Journals, vol. 24(2), pages 179-202, March.
    • Handle: RePEc:taf:rripxx:v:24:y:2017:i:2:p:179-202
    DOI: 10.1080/09692290.2017.1307245
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09692290.2017.1307245
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09692290.2017.1307245?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Pandya,Sonal S., 2014. "Trading Spaces," Cambridge Books, Cambridge University Press, number 9781107040342, September.
    2. Daniel W. Drezner, 2007. "Bringing the Great Powers Back In, from All Politics Is Global: Explaining International Regulatory Regimes," Introductory Chapters, in: All Politics Is Global: Explaining International Regulatory Regimes, Princeton University Press.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. John Ahlquist & Mark Copelovitch & Stefanie Walter, 2020. "The Political Consequences of External Economic Shocks: Evidence from Poland," American Journal of Political Science, John Wiley & Sons, vol. 64(4), pages 904-920, October.
    2. Dorn, David & Levell, Peter, 2021. "Trade and Inequality in Europe and the US," CEPR Discussion Papers 16780, C.E.P.R. Discussion Papers.
    3. Charlotte Grynberg & Stefanie Walter & Fabio Wasserfallen, 2020. "Expectations, vote choice and opinion stability since the 2016 Brexit referendum," European Union Politics, , vol. 21(2), pages 255-275, June.
    4. Dirk De Bièvre & Arlo Poletti, 2020. "Towards Explaining Varying Degrees of Politicization of EU Trade Agreement Negotiations," Politics and Governance, Cogitatio Press, vol. 8(1), pages 243-253.
    5. Martijn Huysmans & Sven Van Kerckhoven, 2023. "The Causes and Modes of European Disintegration," Politics and Governance, Cogitatio Press, vol. 11(3), pages 1-4.
    6. Felix Karstens, 2020. "How public discourse affects attitudes towards Freedom of Movement and Schengen," European Union Politics, , vol. 21(1), pages 43-63, March.
    7. Ballard-Rosa, Cameron & Malik, Mashail & Rickard, Stephanie & Scheve, Kenneth, 2021. "The economic origins of authoritarian values: evidence from local trade shocks in the United Kingdom," LSE Research Online Documents on Economics 108664, London School of Economics and Political Science, LSE Library.
    8. John Kuk & Deborah Seligsohn & Jiakun Jack Zhang, 2022. "The partisan divide in U.S. congressional communications after the China shock," Economics and Politics, Wiley Blackwell, vol. 34(3), pages 494-526, July.
    9. Stefanie Walter, 2021. "EU‐27 Public Opinion on Brexit," Journal of Common Market Studies, Wiley Blackwell, vol. 59(3), pages 569-588, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sandra Lavenex & Flavia Jurje, 2021. "Opening‐up labor mobility? Rising powers' rulemaking in trade agreements," Regulation & Governance, John Wiley & Sons, vol. 15(3), pages 598-615, July.
    2. Alexander Reisenbichler, 2015. "The domestic sources and power dynamics of regulatory networks: evidence from the financial stability forum," Review of International Political Economy, Taylor & Francis Journals, vol. 22(5), pages 996-1024, October.
    3. Matthias Thiemann, 2014. "In the Shadow of Basel: How Competitive Politics Bred the Crisis," Review of International Political Economy, Taylor & Francis Journals, vol. 21(6), pages 1203-1239, December.
    4. Leonardo Baccini, 2010. "Explaining formation and design of EU trade agreements: The role of transparency and flexibility," European Union Politics, , vol. 11(2), pages 195-217, June.
    5. Tony Porter, 2014. "Technical systems and the architecture of transnational business governance interactions," Regulation & Governance, John Wiley & Sons, vol. 8(1), pages 110-125, March.
    6. Daniel Mügge & Bart Stellinga, 2015. "The unstable core of global finance: Contingent valuation and governance of international accounting standards," Regulation & Governance, John Wiley & Sons, vol. 9(1), pages 47-62, March.
    7. Mark Beeson & Jolanta Hewitt, 2022. "Does Multilateralism still Matter? ASEAN and the Arctic Council in Comparative Perspective," Global Policy, London School of Economics and Political Science, vol. 13(2), pages 208-218, May.
    8. Johannes Matschke, 2021. "National Interests, Spillovers and Macroprudential Coordination," Research Working Paper RWP 21-13, Federal Reserve Bank of Kansas City.
    9. Mark Beeson & Fujian Li, 2016. "China's Place in Regional and Global Governance: A New World Comes Into View," Global Policy, London School of Economics and Political Science, vol. 7(4), pages 491-499, November.
    10. Benjamin Cashore & Michael W. Stone, 2014. "Does California need Delaware? Explaining Indonesian, Chinese, and United States support for legality compliance of internationally traded products," Regulation & Governance, John Wiley & Sons, vol. 8(1), pages 49-73, March.
    11. Sonal Pandya & David Leblang, 2017. "Risky business: Institutions vs. social networks in FDI," Economics and Politics, Wiley Blackwell, vol. 29(2), pages 91-117, July.
    12. Louis Jaeck & Sehjeong Kim, 2018. "FDI Deregulation Versus Labor Market Reform: a Political Economy Approach," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 46(1), pages 73-89, March.
    13. Perri 6 & Eva Heims & Martha Prevezer, 2023. "How did international economic regulation survive the last period of deglobalization?," Regulation & Governance, John Wiley & Sons, vol. 17(1), pages 272-289, January.
    14. Lucia Quaglia & Aneta Spendzharova, 2017. "Post‐crisis reforms in banking: Regulators at the interface between domestic and international governance," Regulation & Governance, John Wiley & Sons, vol. 11(4), pages 422-437, December.
    15. Cornelia Woll, 2011. "Beyond Ideological Battles: A Strategic Analysis of Hedge Fund Regulation in Europe," Les Cahiers européens de Sciences Po 2, Centre d'études européennes (CEE) at Sciences Po, Paris.
    16. Charles B. Roger, 2022. "When is Weakness a Weapon?," Global Policy, London School of Economics and Political Science, vol. 13(1), pages 171-173, February.
    17. Chen, William & Phelan, Gregory, 2021. "International coordination of macroprudential policies with capital flows and financial asymmetries," Journal of Financial Stability, Elsevier, vol. 56(C).
    18. Stephen, Matthew D. & Parízek, Michal, 2019. "New Powers and the Distribution of Preferences in Global Trade Governance: From Deadlock and Drift to Fragmentation," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 24(6), pages 735-758.
    19. Manuela Moschella & Eleni Tsingou, 2013. "Regulating finance after the crisis: Unveiling the different dynamics of the regulatory process," Regulation & Governance, John Wiley & Sons, vol. 7(4), pages 407-416, December.
    20. Iftikhar Lodhi, 2021. "Globalisation and public policy: bridging the disciplinary and epistemological boundaries [Which synthesis? Strategies of theoretical integration and the neorealist-neoliberal debate]," Policy and Society, Darryl S. Jarvis and M. Ramesh, vol. 40(4), pages 522-544.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rripxx:v:24:y:2017:i:2:p:179-202. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rrip20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.