It represents Britain out of the EU referendum rare historical event, Articulated stage of international history where it can photograph the world changed between Mrhalitn: stage "before Britain out" and "after Britain's exit."
It is natural that extends the impact of such historical events extends to European and international balances and then, as well as direct effects on markets and currencies and the economy around the world.
Sees global economic Mohamed El-Erian, the results are shocking to a referendum the UK out of the EU raises questions unanswered, and will cause a large uncertainty in a mixture of political turmoil, financial fluctuations, and damage economic in the coming weeks, this leaves us with seven lessons from this decision consequences extending far beyond Britain.
From the standpoint of "Arian", the decision to exit from the European Union is linked to a long period of low growth, especially growth that benefited some groups more than others.
He said the global economic, in an article on Bloomberg, said that Britain's exit falls under the list of unexpected things have become a reality, and if the politicians did not wake up around the world after Britain's decision to vote for the exit, this list will be lengthened in the coming months.
It includes seven lessons from the viewpoint Erian:
1. The social and political Tvkkat everywhere:
The decision to "out" is about more than just a slim majority of citizens have refused to follow their political leaders, but should be seen as a remarkable rejection of the political and economic elite, as well as expert opinions.
2. bitter and divisive campaigns is the new normal in national policies: This has fueled fierce divisions in the broader state campaigns, and as a result of that, but a lot of these divisions, the decision in favor of the referendum came out with no real estimate of the size of the consequences.
3. historical assumptions no longer apply to the established parties:
Like what is happening with the Republican Party in the United States, which has taken a step away from free trade, while in Britain, it was the Conservatives, along with other major political parties in the state, the most divided on the largest free trade zone benefits in the world (the euro zone).
4. marginal and anti-party leadership could change the policy, even though they did not have a chance to win power:
Forced Prime Minister, David Cameron, in the face of gravity to jump some of the supporters of his party's base into the arms of the British Independence Party, pledging to hold a referendum on EU membership in order to ensure the re-election of the Conservative Party, but he did not realize the size of the gamble that was taken, a gamble divided his party, and in response to the result of the referendum on Thursday, announced that he will resign.5. marginal parties policies recharging itself even across the border:
He says, "El-Erian," that, for example, boosted anger policies in the United Kingdom after the Donald Trump appear on the other side of the Atlantic Ocean, is likely to dare the anti-political movements and economic leadership after the decision to vote out, especially as it has been gaining momentum since the period across most Europe, while in Britain, this decision will lead to dissatisfaction in Scotland and northern Ireland.
6. Financial markets are no longer, and "the wisdom of the majority," which led, best in predicting political outcomes than most people:
Before the vote on Thursday, traders are relieved of the idea that the camp of "survival" will dominate, and the result was up continued for several days in Sterling and stock, then crushed those gains later in a brutal manner.
7. added, "Britain out" to the list of things that were not to come to mind, but it became a reality:
Strange things happen when advanced economies for long periods living in «a new normal situation» of sluggish growth, growing inequality, and these things too, such as the nominal interest rate of negative prices, and the rise of Donald Trump as a candidate Presidential possible for the Republican Party, and if the politicians did not wake up around the world after the decision Britain vote for the exit, the list of unexpected things will drag on in the coming months.
In a small video published by "El-Erian," the official account on the social networking site "Facebook" described the British move Bachihh saying, "This is a cry to awaken our politicians."
He adds, "There are a lot of Antapah in the coming days, and there is a very important message, although it is not new, it has never been clearer than now, once again, the division between the political establishment and experts want from public shows, and what you want to do the majority of the people."
World Economic He continues, "This is a reflection of the frustration of low growth and rising inequality, but our politicians has not steps towards higher and more inclusive growth, it will become options is possible, as was Britain's exit, a reality."
El-Erian said that what is witnessed in Britain today their vote to leave the European Union is a historic event of the utmost importance, will have the political and financial consequences of the economic and social scale. He is saying: "If we want to shape the situation simply: I have produced a huge body of lack of institutional uncertainty, as well as economic fragility and the flow of capital into the global economy."
El-Erian predicted that the ruling Conservative Party in Britain suffers while trying to re-unite and rule a lot of pressure from Scotland and Northern Ireland state, warning the European Union, saying: "it is also the worry of a domino effect."
On the fiscal front, El-Erian believes that angry investors will try to protect their positions at a time when liquidity is not readily available, expected to hit GDP strongly to both the United Kingdom and Europe, while the spread of the damage will depend for the rest of the world financial volatility partially.
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