The significance of the establishment of the World Trade Organization: (1) marks the further standardization of world trade; (2) It marks the establishment of a multilateral trading system with trade liberalization as the core and covering many fields of world trade today; (3) It marks the beginning of a new era of orderly global free trade. (4) It shows that the globalization process has made substantial progress. Problems in the process of economic globalization Economic globalization is dominated by developed countries, and its essence is a new round of capital expansion on a global scale. As a double-edged sword, economic globalization not only provides opportunities for the economic development of developing countries, but also makes the economic development more unbalanced and the gap between the rich and the poor wider. In the process of economic globalization, most developing countries are in a more disadvantageous position.