Brexit and its Aftermath: Impacts and Policy Recommendations for Asia

Executive Summary

This policy brief focuses on the implications of Brexit for Asia and particularly the ASEAN countries. A brief summary of the recent developments and an assessment of the impact of Brexit on Britain and the EU is provided, together with the various scenarios that could be realised based on available information. This allows us to assess the economic impact on Asia. Policy recommendations are also made on how Asian countries could respond to the Brexit.

About the Authors

Aédán Mordecai is a Senior Analyst at the Centre for Multilateralism Studies (CMS) at the S. Rajaratnam School of International Studies (RSIS), Nanyang Technological University. Prior to his appointment at CMS, he has worked in Taiwan and China. His research interests include comparative international development, globalisation, and political and economic risk analysis. He completed his undergraduate studies in Geography at King’s College London and his master’s degree in International Political Economy at RSIS.

Dr Pradumna B. Rana is Associate Professor and Coordinator of the International Political Economy Programme at the Centre for Multilateralism Studies (CMS) of the S. Rajaratnam School of International Studies (RSIS), Nanyang Technological University (NTU). Prior to this, he worked for 25 years at the Asian Development Bank. His last appointment at the ADB was Senior Director of the Office of Regional Economic Integration which spearheads ADB’s support for Asian economic integration. He obtained his PhD from Vanderbilt University where he was a Fulbright Scholar and a Masters in Economics from Michigan State University and Tribhuvan University. He has authored/edited 15 books, and published over 50 articles in peer-reviewed international academic journals.

Phidel Vineles is a Senior Analyst at the Centre for Multilateralism Studies (CMS) at the S. Rajaratnam School of International Studies (RSIS), Nanyang Technological University. He holds a Bachelor’s degree in Asian Studies from University of Santo Tomas, Philippines and a MSc in International Political Economy from RSIS, Singapore. Prior to joining RSIS, Phidel worked as an Information Officer at the Philippine Institute for Development Studies (PIDS), where he wrote press releases about PIDS research studies and disseminated them to the institute’s media contacts and affiliated institutions. He was also part of the institute’s Public Affairs unit, organising conferences held in the institute. He had also worked both in a private sector and non-governmental organisation in the Philippines.