Solution 1 - Average Growth In Domestic Products

Author: Bob
Updated Date 10/07/2013 09:22:04
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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.write a report for university lecturer describing the information below.

Solution 1

dido272000 - 10/07/2013 09:22:04

The graph below indicates the average rate of national products in three different nations regarding as wealthy countries, global countries and non-global countries, which are categorized into 4 decades from 1960s to 1990s. From general view, it can be inferred that there was an upward trend in manufacturing internal goods in developing countries practicing a global approach in 30 years.

From the first sight, it is seen that globalisers were at the head of the two other countries in manufacturing domestic goods of 5% for two decades from 89s to 90s. However, this pattern can be seen for wealthy nations during 60s as well. Though, during the next period (70s) this trend changed considerably, all three countries showed nearly 3 percent production. Over 80s non-global countries showed the lowest rate of production of less than 1 percent while the figures for global adopters exhibited a slight rise.

In conclusion, it is clear that the rate of internal manufactured goods gradually declined from 4.8% per year in wealthy countries to only 2% per year in 30 years. However, those societies that had adopted global approaches could rise up their internal products to 5% per year over 90s.