War in Europe, crisis in the Middle East, growing tensions across East Asia, and a widening chasm between a beleaguered West and the Global South: Writing a Global View column in times like these is not always the happiest of tasks. But at least one good-news story has been building quietly over the last few months. Global Britain is becoming a reality and the world is better off because of it.
The world has changed since the British voted to leave the European Union in 2016. After Brexit, enthusiastic backers expected an aggressively deregulating Britain would become a kind of Singapore-on-Thames. Russian oligarchs, Chinese moguls and Arab oil sheikhs would flock to London, eager to enjoy a sophisticated financial market that was less regulated and more hospitable than either the EU or the U.S. Free-trade agreements with the U.S. above all, but also fast-growing Asian nations, would more than compensate for the loss of the U.K.’s privileged position in the EU.
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