The chart shows the average GDP growth per decade for three various types of countries over a period of 40 years. In the 1960s the figures for the wealthy countries were by far the highest at close to five per cent per annum. This figure is double that of the non-global countries and three times that of the countries operating on a global level. Nevertheless, by the 1970s this trend had changed considerably; the globalizes doubled their annual GDP over this period and there was moreover an increase in the GDP of the non-global countries, while the wealthy countries fell to three per cent per year. In the 1980s and 90s, as technology made globalization even easier, the downward trend for the wealthy countries continued falling to a low of two per cent at the end of this period. For the countries who resisted using a global approach to business, the GDP fell sharply to merely under one per cent in the 1980s and rose only slightly in the 1990s to 1. 5 per cent.
The chart
shows
the average GDP growth per decade for three various types of
countries
over a period of 40 years. In the 1960s the figures for the wealthy
countries
were by far the highest at close to five per cent per annum. This figure is double that of the non-global
countries
and three times that of the
countries
operating on a global level.
Nevertheless
, by the 1970s this trend had
changed
considerably
; the globalizes doubled their annual GDP over this period and there was
moreover
an increase in the GDP of the non-global
countries
, while the wealthy
countries
fell to three per cent per year. In the 1980s and 90s, as technology made globalization even easier, the downward trend for the wealthy
countries
continued falling to a low of two per cent at the
end
of this period. For the
countries
who resisted using a global approach to business, the GDP fell
sharply
to
merely
under one per cent in the 1980s and rose
only
slightly
in the 1990s to 1. 5 per cent.