Britain’s vote to quit the European Union (EU) after four decades as its member has been hailed as a historic decision in a few quarters.  However, the decision has multiple implications on the world economy as well.  The impact on Britain’s economy, the EU, and on the rest of the world is manifold and is cumbersome to determine.  In accordance to this, the term “Brexit” has emerged, which is an amalgam of two words “Britain” and “Exit”. What is European Union? The European Read more [...]