Britain has voted to exit the EU in a referendum and will soon be separating from the European Union. The debtor countries found themselves in deep trouble and were and still are forced to the terms and conditions of the surplus countries. After this, the trade between the countries in the western world started increasing enormously and we saw the birth of globalisation. The east Asian Tigers also reaped the benefits of opening up their economy to world trade and experienced a tremendous increase in their GDP. The outlook of these western countries was more and more outward looking.

Source: dna June 27, 2016 01:30 UTC