On Brexit, Stiglitz concludes, “The reality is that UK is not likely to be much worse off – and potentially even better off – so long as the divorce is not too unpleasant, and so long as Europe doesn’t violate its obligations under the WTO rules (including the critical ‘most-favored-nation’ provision, which requires that one treats every nation, outside a common market, no worse than any other, so that the UK could not be treated any worse than the US). … We should note that the United States and Canada have both prospered – indeed, they have been doing far better than the eurozone – without free migration between them, without being a single market, and without full economic integration.” He shows what Britain should do to thrive outside the EU: “A country that borrows to make productive investment – in education, technology, or infrastructure – enhances its future potential: for most countries, the returns on these public investments far exceed the cost of capital.”