engleski

Examining the Aftermath of the Brexit Referendum Through the Principle Agency Dilemma

There have been few topics that are more detrimental to the further development of the European Union than the decision of the electorate of the United Kingdom to leave. The discussion has largely shifted to how the future of the relationship between the EU and UK will develop. Recognizing that the existing literature covers this topic in sufficient depth, this paper aims to implement elements of the Principle Agency Dilemma when examining key decisions by U.K. policy- makers. The methodological approach of the paper is based on qualitative research methods, including critical analysis of existing theories, case studies, and a detailed review of the existing literature. The paper concludes that the Principle Agency Dilemma has a significant impact on U.K policy-makers and focuses on the need of ending social media disinformation campaign and using innovative methods to end the gridlock. An example of such a measure could be the ranked voting system as used in some U.S. states including in Maine. The paper further takes note of measures that could be used to decrease the democratic deficit caused by the 2016 Brexit Referendum.

Brexit ; Principle Agency Dilemma ; public policy ; moral hazard ; democratic deficit

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