Introduction
The term “Brexit” has been highly popularized across the world today, but it has its root in the result of the referendum on June 23, 2016, for UK's exit from the EU. Brexit is simply a short-form for “British exit” (Mirror, 2016). EU members perceive Brexit as calamitous and in fact one of the most unfortunate events that have occurred throughout the lifetime of the Union. Britain became a member of the EU (formally known as the European Economic Community, ECC) on January 1, 1973, 12 years from the time it applied to join the community, and resultantly, it ...