The given bar chart illustrates the average GDP growth rate in wealthy countries, globalisers, and non-globalisers over four decades.
Overall, the gross domestic product development of globa lisers underwent a rapid surge, while the development of wealthy countries and non-globalisers plummeted. Countries with a global approach had the highest GDP development, while non-globalisers had the lowest.
In detail, globalisers had the lowest growth rate at approximately 1.5% in the 1960s. However, the following decade accelerateed to 2.8 %, closing the gap with wealthy countries and non-globalisers. The next two de cades saw the percentage rise consistently to 3.4% and 5.0% in the 1980s and 1990s, respectively, earning globalisers first place.
In contrast, in the 1960s, wealthy countries had the highest figures at around 4.8%. In the next few d ecades, annual GDP growth for wea lthy countries de clined gradually to 3.0% in the 1970s, 2.3% in the 1980s, and 2.1% in the 1990s. Meanwhile, non-globalisers experienced turbulence, beginning at 2. 5% in the 1960s, increa sing modestly to 3.3 % in the next decade, before seeing a sharp decline to only 1.0% in the 1980s and recovering slightly to 1 .5% in the following years.
