Professor Pankaj Ghemawat analyzes the global implications of Brexit
— September 1, 2016
Excerpt from AIB Insights -- "...the law of semiglobalization seems essential to the possibility of Brexit being consequential. If globalization were so weak that cross-border interactions didn’t matter much, neither would Brexit nor any other international realignment. And if globalization were so strong that the world was close to completely integrated, the adverse consequences of leaving the EU (and snapping back to WTO arrangements as a worst case scenario) would be limited as well."