"...Britain outside the European Union will be less competitive. It will henceforth have to consume less and export more of what it makes. A lower currency and higher interest rates will bring that about....Brexit is thus turning out to be a useful test case for deglobalization."
-Greg Ip, in the WSJ
As the news media has recently reported, the case for Britain heading for a "hard" Brexit is growing. Whether the outcome of such a path will be good or bad for Britain in the long-run does not eliminate the need for companies doing business overseas to continually evaluate the political and economic risks emanating from each of the countries in which they do business.
The rules for business success are changing. Best to get prepared by:
- remaining vigilant for the trail signs of impending change
- improving operational and financial flexibility
- preparing to seize the new opportunities which volatility inevitably brings