Opportunity in the midst of Brexit chaos

The news post-Brexit has been mostly negative.

Analysts and journalists have been collectively painting a doomsday scenario for the United Kingdom.

The resulting vote to leave the European Union represents the desires of the British people.

Their hopes and decision should not be ridiculed or belittled.

Perhaps the glass is better seen as half-full.

There is opportunity in the midst of danger.

Thankfully, the British never gambled away their identity by adopting the euro currency.

A cheaper British pound will attract foreign investors as well as bargain-hunting tourists and students from all over the world. This will boost the UK's domestic economy.

Even trading partners in the EU can benefit, as they can import cheaper British goods and services.

If there is anything to gripe about as Britain gains its "independence", it would be on how to unwind the current complicated system of trading rules that the European Union has imposed for decades.

My advice to analysts and futurists is to be courageous in this short-term chaos post-Brexit.

They should welcome changes and overcome challenges, which come to pass and not to stay.

George Lim Heng Chye

A version of this article appeared in the print edition of The Straits Times on June 29, 2016, with the headline 'Opportunity in the midst of Brexit chaos'. Print Edition | Subscribe