The graph below shows the average growth in domestic products in wealthy countries, countries that have adopted a global approach to business and countries that have not.

The graph below shows the average growth in domestic products in wealthy countries, countries that have adopted a global approach to business and countries that have not.
The chart illustrates the correlation between the
GDP
growth
and the
countries
that are defined
according to
their approach to global business and level of life. Data presented in percentage per decade for three categories of
countries
from the 1960s to the 1990s. Over the indicated period, the average annual gross domestic product of wealthy
countries
decreased, globalizers demonstrated a steady increase
whereas
the economic
performance
of
non-globalizers
fluctuated. In the 1960s, the statistic of the
performance
of wealthy states was the highest among their counterparts reaching almost five per
cent
.
In contrast
, the
GDP
growth
among globalizers was two times less effective
whereas
non-globalizers
operated with an approximate 1.3 per
cent
performance
. Over the next decade, the
GDP
performance
gaps between the wealthy, globalizers, and
non-globalizers
almost closed, counted at an approximate rate of 2.9%, 2.8% and 3.1% respectively. From the 1980s to the 1990s,
countries
that adopted the global approach presented substantial increases in the average annual
growth
of domestic product, and gained a leading position with approximately five per
cent
,
while
developed counterparts counted for two per
cent
only. In terms of
non-globalizers
, from the lowest point of 0.8% annual
GDP
growth
in the 1980s they rose moderately to 1.5% and remained the smallest category.
Submitted by vikiregev on

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Linking words: Don't use the same linking words: "whereas".
Vocabulary: Replace the words gdp, growth, countries, performance, non-globalizers, cent with synonyms.
Vocabulary: The word "presented" was used 2 times.
Vocabulary: The word "growth" was used 4 times.
Vocabulary: The word "increase" was used 2 times.
Vocabulary: The word "almost" was used 2 times.
Topic Vocabulary:
  • trends
  • affluent nations
  • global business orientation
  • sustained growth
  • investment in technology
  • skilled labor
  • fluctuations
  • global trade
  • vulnerability
  • global market shifts
  • steady growth
  • decline
  • reliance on local markets
  • limited exposure
  • economic downturns
  • implications
  • economic policies
  • strategies
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