[Retracted] Challenges of International Trade and Government Governance from the Perspective of Economic Globalization

Table 1

Development stages of world economy and international trade.

Process of economic globalization	Technology after Industrial Revolution-economic age	Development of international trade
Preparation stage before the formation of the world market from 1492 to 1760		The period from the end of the fifteenth century to the 1860s to promote the primitive accumulation of capital
Capitalist industrialization and the formation of the world market from 1760 to 1870	The early machine industry era from the 1960s and 1970s to the 1930s and 1940s	From 1860s to 1873, international trade was worldwide
1870–1914 internationalization of production and capital	Steam power and railway era from 1930s to 1940s to the end of nineteenth century	1873–1914 the international division of labor system and the formation of a unified market
Retrogression from 1914 to 1945	The age of electrical and heavy machinery from the late nineteenth century to the 1930s and 1940s	Stagnation in 1914–1945
New development from 1945 to 1990	The era of mass production from the 1930s and 1940s to the 1980s and 1990s	Rapid development from 1945 to 1973
		Slow development from 1973 to 1990s
Great new development of globalization since 1990s	The information and communication era from 1980s to 1990s	Stable growth since 1990s