secession

Economic theory shows that the decision for a region to remain in a country (or a union) or to secede results from a trade-off between the benefits of being part of a large country, and the costs  associated with more heterogeneity.

The UK is the rare country that acknowledges the possibility of its own division.

This paper discusses Scotland’s relationship with the EU in the context of two different secession events. The first concerns the question of an independent Scotland’s EU membership in the event of Scotland’s secession from the UK.