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.
The given bar chart, demonstrates the average rate of domestic products in different nations, categorized into three groups, wealthy countries, globalisers and non-globalisers. As it's obvious from the graph, wealthy nations reached the highest average rate, about 5% in 1960s, however they experienced a significant drop between 1960s and 1990s and fell to 2%.
On the other hand, developing countries that had a global approach, had an upward trend during this period and growth from about 1% to nearly 5%. this nation reached the highest rate of domestic products among two other nations in 1990s.
we can infer from the graph that the GDP rate in developing countries adopting a non-global approach, fluctuated during these year and they showed their top production rate in 1970s. Also, it is noticeable that in that time, all three nations had an about same GDP.
In conclusion, as the graph illustrates, adopting a global approach to business will improve the domestic productions.
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- 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
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