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 bar graph compares three kinds of nations in terms of their average annual gross domestic product growth over the course of 30 years.
Overall
, both wealthy countries
' and non-globalisers' average annual GDP
percentages fell. In contrast
, Globalisers' GDP
factor
witnessed a significant increase over the given period.
In 1960, wealthy countries
had the highest average annual GDP
at well over 4%, while
globalisers
and Correct your spelling
globalised
non-globalisers
stood at over 2% and 1% respectively. By 1970, the average annual Correct your spelling
non-globalised
GDP
figure for all developing countries
, regardless of their global approach, rose to around 3%. However
, wealthy countries
' average annual GDP
factor
fell to approximately 3%, and with a moderate continuous fall, bottomed down at the end
of the period.
From 1970 onward, the GDP
factor
for developing countries
adopting a global approach continued to rise,
and peaked at almost 5% by the end of 1990. Meanwhile, non-globalisers' Remove the comma
apply
GDP
average annual gross domestic product factor
fell to a low of under 1% in 1980 before rising up to around 1.5% in the culminating year.Submitted by ghazalmoosavi79 on
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