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United Kingdom has just voted to exit the European Union. In the process, the choice has cost UK Prime Minister, David Cameron his job. He has opted to resign after initiating a plebiscite and consequently losing.
To Cameron, winning the plebiscite seemed to him like a foregone conclusion. The advantages of being an economic bloc outweigh the disadvantages. Economic blocs are formed to stem economic declines precipitated by decreased markets for goods, trade barriers, and human capital flight and create new sources of raw materials. Bi-lateral and multi-lateral trade agreements are the order of 21st Century as countries realize that mutual cooperation and integration are the driving factors towards economic emancipation.
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