"In losing the UK, the EU is going to lose an important voice of reason."
"Until the EU and the UK come to a new understanding, uncertainty will forestall long-term investments, hiring decisions, and other activity."
"Some groups are negatively affected by globalization, and economists and policy makers mostly ignore these effects."
"The Brexit vote raises big political questions for the EU and its leaders, who must learn important lessons and adjust."
"Not only did experts' forecasts fail to rally the vote for 'Remain,' they probably contributed to the victory of 'Leave.'"
"It’s hard to find an economic rationale for the majority to have voted to constrain migration; the reasons are all political."
"Leaving the EU may curtail immigration, but it will likely further serve to reduce Britain’s manufacturing industry."
"It’s not a technological law that globalization must march forward."
"Britain can respond to this by changing domestic policy to make it much more business friendly."