The bar chart illustrates changes in average GDP growth per decades since 1960 till 1990 for three types of countries.
Overall, the major changes belonged to W and G, however the growth trend in both countries is quite opposite. It means that W had a declining growth rate, while G had an increasing growth trend in forty years. NG is the only one that have experienced going up and plummeting between 1960s and 1990s.
The figures for 1960s represents that the wealthy countries were by far the highest at close to 5% per annum, and also the first bar was double of the non- globalisers and three times bigger than globalisers during that decade. However, by the 1970s this trend had changed considerably; the globalisers doubled the annual GDP over this period and there was also a modest increase in the GDP of non- global countries, while the wealthy countries plummeted to 3% per year.
In the 1980s, wealthy countries had kept declining steadily, and similarly non- global countries experienced a sharp decrease as well. It should be noted that global country GDP growth was still climbing. In the late decade, non- global countries had a tiny progress and rose to about 2%, and the opposite point is wealthy countries with a going down roughly 2% GDP rate. Although global countries could have a significant jump in 1990s.
The bar chart illustrates
changes
in average GDP
growth
per decades since 1960 till 1990 for three types of countries.
Overall
, the major
changes
belonged to W and G,
however
the
growth
trend in both
countries
is quite opposite. It means that W had a declining
growth
rate, while G had an increasing
growth
trend in forty years. NG is the
only
one that have experienced going up and plummeting between 1960s and 1990s.
The figures for 1960s represents that the
wealthy
countries
were by far the highest at close to 5% per annum, and
also
the
first
bar was double of the non-
globalisers
and three times bigger than
globalisers
during that decade.
However
, by the 1970s this trend had
changed
considerably
; the
globalisers
doubled the annual GDP over this period and there was
also
a modest increase in the GDP of non-
global
countries
, while the
wealthy
countries
plummeted to 3% per year.
In the 1980s,
wealthy
countries
had
kept
declining
steadily
, and
similarly
non-
global
countries
experienced a sharp decrease
as well
. It should
be noted
that
global
country
GDP
growth
was
still
climbing. In the late decade, non-
global
countries
had a tiny progress and rose to about 2%, and the opposite point is
wealthy
countries
with a going down roughly 2% GDP rate.
Although
global
countries
could have a significant jump
in 1990s
.