Transcending of Boundaries in International Economic Science-New Issues, Perspectives and Horizons in the World Economic Theory of the New Era

Abstract

economic science must actively explore new themes, boldly open up novel perspectives, and take on board unaccustomed research methods.In other words, international economic science must redouble its efforts to achieve an academic 'transcending of boundaries' with other fields, disciplines, and techniques to enhance the new academic horizons.For however elaborate the outmoded frameworks and theories become, they alone will be insufficient to cope with the new era of violent change and seismic upheaval.In the present paper, the author will attempt to outline some of his day-to-day thoughts on the issues and perspectives which deserve to be explored by international economic science in the times ahead.Tracing a development signalled in advance by the three keywords globalization (transcending of the boundaries of place), virtualization (transcending of the boundaries of dimension), and cross-border development (transcending of the boundaries of domain), the author will seek to explain the basis of these new processes and will then outline a number of perspectives and methods relating to the issues and research subjects which accordingly arise, finally proposing a structure for the whole. The advance of globalizationIn general, the phenomenon whereby the factors of production -goods, money, people, and information -frequently transcend the bounds of the nation state to become trans-border or borderless factors is called globalization, or the advance of globalization, a process which has intensified with the advance of modernization.There are many people who take the ahistorical view that this is rather a universal feature of human society which has been in play since ancient times.Naturally, notwithstanding the advantages of state-provided protection, safety, and guarantee, there is fundamentally a strong trend for the activities of public life to reach beyond the narrow confines of the state, and it is not wrong to see state restriction itself as an artificial, controlling, and secondary phenomenon.However, the superhistorical view that globalization has been advancing along a single path since ancient societies renders it impossible to identify the unique socio-economic significance of the current globalization, the precondition to which was the unique process of capitalist development under the emergence of civil society and the formation of the nation state.Behind the birth of the modern sovereign nation state was a powerful movement to form a civil society, led especially by the group known as the liberal bourgeoisie that represented the most advanced social group in the cities.This movement was informed by a strong desire to break with the traditional rule of medieval society centered on the feudal classes and the Church and to promote freedom and democracy, the establishment of basic human rights, and allround human development.The active movement of capital which this unleashed was first of all directed at the formation of a domestic market.The bourgeoisie that led this capital movement consisted of a wide-ranging group of capital holders in industry, commerce, finance, agriculture, and other fields in association with or supported by Transcending of Boundaries in International Economic Science