Increasing globalization of capital is key factor in Standard & Poorđ Ź‹ growth
Global financial markets rose from $53 trillion in 1993 to estimated $119 trillion last year
- Combination of non-government debt, government debt, equity and bank deposits
On pace to exceed $209 trillion by 2010, according to new study by McKinsey & Company
- Study indicates global financial markets have grown faster than world GDP