Impact of Brexit and Externalization in Global Economy Writing Paper

1. This week we will begin the unit on Services. We have already talked a bit about producer services and their importance in the global economy. My question this week focuses on one sector of producer services, the financial services sector. Read this short article https://www.cnbc.com/2019/01/07/brexit-uk-financial-services-sector-moves-1-trillion-in-assets-to-eu.html

Consider the location factors that we have discussed throughout the semester. how do they help us to understand the decision by financial services firms to move assets and jobs out of London? (100 words)

2. Can high levels of Externalization benefit the economy? ( 100 words)

3. What cities or countries in Europe will gain the most out of Brexit?