The UK will have to decide on the 23rd of June whether or not they want to stick to the EU. To those who want to quit the EU, they often quote Norway as an example, but is that a good idea?
There are two sides to the argument and while there are positives, there are also leading negatives on both sides. While it may seem attractive to get out of the clutches of the EU, that just may not be as easy or perfect as it is charted out to be.
From outside the EU
The countries outside the EU, in this case, Norway, has a close proximity to the rest of the EU geographically. It also has the world's largest and arguably most diverse market right at its doorstep. All of this without giving up any of its sovereignty as far as markets and production goes. It is a great place to be in for any economy and the British are eying this exact same position, especially those who want to leave the EU.
While that is a positive aspect of the deal, there are an equal if not more number of reasons for the British to just stay put where they are. While Norway is a country that is not part of the EU, they still have to keep to standards and regulations set up by the member countries. If they are to get into trade, they will have to first make sure that they are within every single one of the rules all set up. They will have to comply without having any effect on the policy making aspect of it. On the outside, countries actually have less control as they cannot influence any policy, but will have to abide by them.
The director general of the Confederation of Norwegian Enterprise said that while they have access to the world's largest single market, they are also subject to laws over which they have zero influence. He went on to say that the UK is a major part of the EU and their influence is big, so why would they give that up? All those who support the Brexit (British Exit) will have to keep this in mind.
The decision is pending on the 23rd of June, and there is still no clear idea of whether or not the UK will stay. The decision can swing either way at this point.