Using book values for both countries shows higher FDI in Germany than in France. Besides the growing links in production and international trade, the increasing global integration of the financial markets is, as I see it, the third major trend in globalisation. More and more countries have access to the international capital market.
There has been a significant increase in the volume of cross-border securities transactions. In the case of Germany, for example, turnover in cross-border securities transactions amounted to almost 600% of GDP in 2005 – which is 80 times more than 25 years ago. The sharp increase in global foreign exchange market transactions is a further major indicator of globalisation in the financial sector.