Franco-German relations,Europe and globalisation

The new world order, characterised by the internationalisation of markets and national economies, challenges the socio-economic models of nation states and imposes new rules. Both 'Rhineland capitalism' and 'capitalisme à la française' are forced to adapt to these rapidly changing circumstances. This article analyses respective French and German differences in their approach to globalisation, with particular reference to foreign direct investment and industrial cooperation in Europe. It investigates whether Franco-German bilateralism is still a relevant approach to European integration as it seeks to respond to globalisation.