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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