The bar chart below compares the average GDP growth in three different types of countries, such as industrialised countries, developing countries adopting a global approach to business or globalisers and non-globalisers from the 1960s to the 1990s.
Overall, it can be seen that there was a gradual drop in the average GDP in wealthy countries, whereas the second world countries showed significantly increasing trend.
If to look at the average annual gross domestic product growth of developing states, in 1960s it was over 4, 5%, which means that it was the highest percent among 3 types of countries. However, in the last 3 decades it started falling, 1% per decade. By contrast, the average domestic product growth of globalisers began at the lowest position at around 1, 5% in 1960s. Nevertheless, over the 3 decades this figure increased and reached a high of nearly 5, 0% in the 1990s.
Regarding non-globalisers, there was a slight increase from nearly 2, 3% in the 1960s to just over 3, 0% in the 1970s. Following this the figure dropped considerably, making it lower than the others, around 1% in the 1980s, and around 1, 5 % in the 1990s.
The bar chart below compares the
average
GDP growth in three
different
types of
countries
, such as
industrialised
countries
, developing
countries
adopting a global approach to business or
globalisers
and
non-globalisers
from the 1960s to the 1990s.
Overall
, it can be
seen
that there was a gradual drop in the
average
GDP in wealthy
countries
, whereas the second world
countries
showed
significantly
increasing trend.
If to look at the
average
annual gross domestic product growth of developing states,
in 1960s
it was over 4, 5%, which means that it was the highest percent among 3 types of
countries
.
However
, in the last 3 decades it
started
falling, 1% per decade. By contrast, the
average
domestic product growth of
globalisers
began at the lowest position at around 1, 5%
in 1960s
.
Nevertheless
, over the 3 decades this figure increased and reached a high of
nearly
5, 0% in the 1990s.
Regarding
non-globalisers
, there was a slight increase from
nearly
2, 3% in the 1960s to
just
over 3, 0% in the 1970s. Following this the figure dropped
considerably
, making it lower than the others, around 1% in the 1980s, and around 1, 5 % in the 1990s.