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Economic globalization is a knife "double-edged sword", the impact on developing countries on the positive side, there are also negative adverse side. Therefore, promote south-south cooperation in developing countries is of great significance. South-south cooperation is developing countries to become stronger through unity and unity, cooperation, seek common development a important way. Developing countries have to unite, strengthen the cooperation in various fields, to better improve the status of the north-south dialogue, effective participation in international rules of the system, better tasseled maintenance self-interest. Therefore, in the background of economic globalization for south-south cooperation, it is of important theoretical and practical significance.Through the research for developing countries economic globalization positive effects brought about by and negative influence, summarizes the development south-south cooperation is the best economic globalization strategic choice. And then, in full, based on the collection of data to study status of domestic and foreign scholars, the detailed analysis and summary analyses the meaning of south-south cooperation, characteristic and new areas of cooperation, and based on this analysis of the economic globalization south-south cooperation is still there are a series of problems, these problems to all developing countries seriously, and by strengthening understanding, deepen cooperation to solve. Finally, with economic theory as the guide, through empirical analysis proposed south-south cooperation new path selection, mainly discusses establishing effective cooperation pattern, reasonable compensation and formed of interests coordination agency three path.After the study, have to a conclusion that: in the background of economic globalization, strengthen south-south cooperation with great development space, prospects gratifying. South-south cooperation should be open, should absorb the developed countries and international organizations on the basis of experience, actively develop the regional and sub-regional cooperation, the establishment of new integration mode, construct the new cooperation mechanism, by establishing effective cooperation pattern, reasonable compensation and formed of interests coordination agency three path that south-south cooperation process, eventually to drill down gradually developing countries the purpose of common prosperity.
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