Brexiters do not understand contemporary economics

B e ing a Brexiter in the United Kingdom requires a lack of understanding that: Once a country has adapted its economy to a n integrated regional economic bloc , the cost of exiting this bloc is considerable; The transition from global value chains to regional value chains and growing returns to scale require countries to be part of a regional economic bloc, which makes the European Union’s single market highly valuable; Currency depreciation reduces (and does not stimulate) growth , due to the deterioration in the terms of trade.