The graph highlights data about the average quantity of domestic products which were produced by wealthy countries, globalizers and non-globalizers, over a thirty-year period between 1960s and 1990s.
Overall, it can be seen that there was a considerable upward trend in the domestic products of globalizers, whereas the proportion of non-globalizers fluctuated, while there was a significant fall by percentage of wealthy countries over the period in question.
Looking at the details, as regards wealthy countries, the average growth of GDP started at just under 5 % in the 1960s, then the figure decreased remarkably to nearly 3 % in the 1970s. At this point, there was a gradual fall in just over 2% in the 1980s, after which it reached 2% in the 1990s.
Regarding non-globalizers, having grown significantly from nearly 2% to around 3% in the first decade, the proportion of their GDP then dropped rapidly to just under 1% in the1980s. However, this percentage increased marginally to just over 1% in the 1990s.
By contrast, the average annual growth of GDP started at just over 1% in the 1960s, the figure gradually rose nearly 3% to 1970s and reached at 3, 3% in 1980s. Finally, the percentage jumped to around 5% in the 1990s.
The graph highlights data about the average quantity of domestic products which
were produced
by wealthy countries,
globalizers
and
non-globalizers
,
over
a thirty-year period between 1960s and 1990s.
Overall
, it can be
seen
that there was a considerable upward trend in the domestic products of
globalizers
, whereas the proportion of
non-globalizers
fluctuated, while there was a significant fall by percentage of wealthy countries
over
the period in question.
Looking at the
details
, as regards wealthy countries, the average growth of GDP
started
at
just
under 5 % in the 1960s, then the figure decreased
remarkably
to
nearly
3 % in the 1970s. At this point, there was a gradual fall in
just
over
2% in the 1980s, after which it reached 2% in the 1990s.
Regarding
non-globalizers
, having grown
significantly
from
nearly
2% to around 3% in the
first
decade, the proportion of their GDP then dropped
rapidly
to
just
under 1% in the1980s.
However
, this percentage increased
marginally
to
just
over
1% in the 1990s.
By contrast, the average annual growth of GDP
started
at
just
over
1% in the 1960s, the figure
gradually
rose
nearly
3% to 1970s and reached at 3, 3%
in 1980s
.
Finally
, the percentage jumped to around 5% in the 1990s.