The bart chart compares the average growth in domestic products in moneyed countries, countries that adopted global approach to business and countries that haven’t.
In general, globalising countries became the strongest performers over time, while wealthy countries showed a continuous slowdown. Non-globalising countries, on the other hand, remained the weakest group overall.
At the beginning of the period, wealthy countries recorded the fastest economic growth, reaching nearly 5% in the 1960s. However, their growth rate declined steadily in each following decade, falling to below 2% by the 1990s. In contrast, globalisers started with relatively modest growth of around 2%, but their performance improved consistently, peaking at almost 5% in the final decade.
Non-globalisers experienced moderate growth in the 1960s and 1970s, at roughly 2-3%. This figure then dropped sharply in the 1980s to under 1%, then recovering slightly to around 1% in the 1990s, although it never matched the levels of the other groups.
