Cross-border trade in goods and services, the exchange of savings and investment capital – in short: the international division of labour – are responsible for a large part of the prosperity enjoyed by the world’s population. Germany is particularly deeply involved in this global supply network.
Globalisation is reflected in political structures, too: neighbour states are forming ever closer regional communities and intensifying mutual trade. In the European Union, for instance, the common internal market has secured its citizens a remarkable standard of living. Germany takes full advantage of the free movement of people, goods, services and capital in the EU, sending almost two thirds of its exports to other members states.