The bar chart illustrates the average growth in domestic products in three different categories like wealthy countries, globalisers and non-globalisers.
Overall, it is evident that in 1960s the average of wealthy countries was the highest. However, it has experienced significant change since the period.
In 1960s, average of wealthy countries had the highest proportion at approximately 5 per cent, while globalisers had the least just about 1.5 per cent. In addition, the proportion of non-globalisers was at nearly 2.5 per cent. In 1970s, all three types of countries were at the same level at approximately 3 per cent.
From 1960s, the number of wealthy countries experienced a steady decline until 1990s, reaching exactly 2 per cent. Moreover, the proportion of developing countries adopting a global approach to business saw a sharp increase, reaching at nearly 5 per cent and becoming the highest category. By contrast, the percentage of non-globaliser countries was at roughly 0.5 per cent.
