Quote:
Originally Posted by davmcg
I can see that as a theoretical point, but doubt that there are in practice many opportunities for such trade. And in any case is financial services/German cars not a prime example of high comparative advantage?
The desperate threats to "remodel" the UK economy would imply that beneficial trade with the ex-EU world is not going to be easy.
Depends on having the right exchange rate. We're in a better position now than before.
And no, when cars are exported in both different directions its a classic case of thin comparative advantage. Nothing wrong with that but it's important that politicians don't get seduced by the headline volume figures and overprioritise it in negotiations, to the detriment of the trade that really has an impact on quality of life. Germany also has a well developed financial services industry, somewhat more heavily regulated.
Quote:
Originally Posted by davmcg
Just list the laws. A right that isn't enforceable by law doesn't exist.
The USA felt the need to add some bits into its constitution when it went its own way, so presumably what we had at that time wasn't quite adequate.
And then I note it was quite some time before everyone in the UK had a vote.
Post WW2, the UK did sign the ECHR, but refused to enshrine it in domestic law. It was not until the EU era that the UK enshrined basic human rights in law.
You know the UK didn't join the EU till 1972?
Interesting though. I think with the EU there is a kind of Napoleon effect. European nations have wildly differing views of Napoleon depending on what they already had when he came - in a lot of cases he replaced the arbitrary caprice of foreign lords with a system of order based on written law, albeit still foreign, which the locals perceived as an upgrade. In other countries he is seen as a foreign conqueror/dictator.
Same with the EU. Those countries that were already functioning when they joined, such as the UK, or also the Eastern European countries which had to wait so long to join after their revolutions and so have a view of what they could do on their own, are a lot more eurosceptic, whereas those countries that were basically third world, like recent military dictatorships when they joined such as Greece, Spain, Portugal, find it harder to imagine life as a free independent country because they've only done it for a short time.
Last edited by LektorAJ; 01-25-2017 at 02:46 AM.