Capital outflows across the Atlantic could be the result of intensified global competition that has stimulated various types of strategic alliances across the border. Integration of the European markets and the introduction of a common currency are historically the most remarkable events since the collapse of the Bretton Woods system nearly thirty years ago.
Over time, this share has fallen from about 70 percent in 2005 to 60 percent in 2014, without the share of parts and components in exports to the rest of the world increasing.