Band 7+: You should spend about 20 minutes on this task. The graph below shows the average growth in domestic products in wealthy countries, countries that have adopted a global approach to business and countries that have not. Write a a report for a university lecturer describing the information below. Write at least 150 words.

The average growth of the annual domestic product, driscriminating by whether the nation is wealthy, globaliser or non-globaliser, for a period of study ranging from 1960 to 1990, is illustrated by the bar chart shown above.

As a general idea, it can be stated that the GDP growth in wealthy countries has seen a significant reduction over the time period. In constrast, nations in economic development have experienced an important continuous increase on this topic.

First, it is worth noting that wealthy countries have lost synergy when it comes to increasing their GDP, this resulting in only a 2% growth which represents about half the percentage in 1960.

Meanwhile, globaliser nations have obtained a better result making their GDP grow by roughly a five-fold factor throughout the period.

The particular case of the non-globaliser countries shows a consistent fluctuation in their economic growth, reaching a peak of about 2% between 1970 and 1980, before falling to 0.5% at the end of the period of study.