David Dawley, director of the Robbins Center for Global Business and Strategy at the West Virginia University College of Business and Economics, predicts some short-term volatility in the global stock markets following Great Britain’s decision to leave the European Union.
“This might mean a higher global demand for U.S. bonds, which in turn could move U.S. interest and mortgage rates lower,” Dawley said. “There won’t be a major impact on the U.S. markets because their exposure to Great Britain is relatively low.”
Dawley can be reached at 304.293.7923 or David.Dawley@mail.wvu.edu.
Haley, professor of management, is a renowned media source and previously served as a full professor of international business at Massey University in Auckland, New Zealand. She has been quoted as an expert in a variety of major news outlets around the world. Her focus is on multinational corporations and international strategic management. Haley can be reached at 304.293.7948 or Usha.Haley@mail.wvu.edu.
A research assistant professor and Economic Forecaster for the WVU Bureau of Business and Economic Research, Lego can offer analysis on a wide range of economic situations. He can be reached at 304.293.7829 or Brian.Lego@mail.wvu.edu.
Additionally, Gregory Bowman, dean and professor of law in the WVU College of Law, is an expert in European Union matters, international trade law and remedies. “I knew the EU vote would be close but I expected it to go the other way,” Bowman said. “The departure will be protracted and expensive with lots of legal and economic challenges. This will have a negative impact on the United Kingdom and may well lead to Scottish independence. How the vote turned out indicates to me that people have forgotten that the EU was established to unify Europe in terms of regional and global economic security.”
In addition to his law degree, Bowman has an M.A. from the University of Exeter, England, in Economics of the European Community. He can be reached at 304.293.6891 or Gregory.Bowman@mail.wvu.edu.
Erik Herron, Eberly Family Professor of Political Science at West Virginia University, believes the move will likely generate challenges that cannot be foreseen right now. Herron, who can be reached at ESHERRON@mail.wvu.edu, also contends several crises are emerging in the United Kingdom and EU. “Scotland’s strong support for remaining in the EU has already triggered serious discussions of a new independence referendum,” Herron said. “To maintain its trade with the EU, the UK will need to abide by many, if not all, of the regulations that anti-EU forces oppose. British products will have to meet European standards to be sold there, and the UK’s exit takes away its ability to influence how policies are written. The UK may be relieved of payments that it makes to the EU, but it could lose out on access to important European investments in areas like science and research and development. While the UK’s official exit will take a while, the EU has a strong incentive to make it painful as EU leaders want to convince other members that leaving is an unpalatable option.”
West Virginia University experts can provide commentary, insights and opinions on various news topics. Search for an expert by name, title, area of expertise, or college/school/department in the Experts Database at WVU Today.
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