The new development of economic globalization is i...

The new development of economic globalization is in urgent need of theoretical innovation and guidance from international economics

As mentioned above，the development of economic globalization not only requires reflection in practice，but also needs reflection and innovation in theory.Therefore，it is urgent to construct a global analysis framework for the new development of economic globalization.We should take economic globalization as the research object，combine economics with international relations theory，and think deeply about the dynamic mechanism of economic globalization，the way of Internet development and resource allocation，and the transformation of multinational companies in the new development stage.We should also have a deep consideration about the inherent relations between the scientific & technological progress and globalization，and the inherent relations between the production integration and trade liberalization as well as financial internationalization，etc.We should integrate international political economics，international economics，development economics，etc.，and focus on the major issues of global development to expand the theoretical connotation of globalization development，world economic growth and construction of a modern country on the basis of the practice of economic globalization innovation and development.As a result，we will promote theoretical innovation in the development of globalization and achieve sustainable development of economic globalization and national modernization.

【注释】

[1]International Monetary Fund，World Economic Outlook ［In Chinese］，Beijing: China Finance Publishing House，1997，p.45.

[2]From 1980 to 2011，global trade grew at an average annual rate of nearly 7%，double the global economic growth rate （see Gao Bai，Cao Cang，2016）.

[3]In this regard，French economist Piketty also pointed out that throughout the 21st century，the growth rate of global capital returns will be continuously higher than the economic growth rate.See Piketty，Capital in the Twenty-First Century （Chinese Version），Beijing: CITIC Publishing House，2014.

[4]Quan Heng，“Structural Dilemma and New Development Cycle of the World Economy and China ’s New Contributions” ［In Chinese］，Word Economy Studies，Vol.12，2016.

[5]In fact，in September 2016，World Bank Chief Economist Paul Romer severely criticized the problems existing in mainstream macroeconomics in his paper The Trouble with Macroeconomics.He pointed out that the current DSGE model （Dynamic Stochastic General Equilibrium Model），which is widely used in mainstream macroeconomics，has gradually decreased its explanatory power to reality，making macroeconomics face the trouble of being divorced from reality.Romer also believed that some well-known economists，represented by Lucas，Prescott and Sargent，often adopt a mutually supportive attitude when facing the theoretical defects，further hindering the progress of macroeconomics.See Chen Yanbin，“The Trouble with Macroeconomics” ［In Chinese］，Guangming Daily，April 25，2017.