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Geography and Trade Again?

21^stCentury Evidence on International Trade, Investment, and the Localization of Production

Ö÷½²ÈË£ºHenry Wai-chung Yeung

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Professor Henry Yeung has been Distinguished Professor at the Department of Geography, National University of Singapore, since 2018, and Professor of Economic Geography since 2005. As a leading academic expert in global production networks and the global economy, his research interests cover broadly theories and the geography of transnational corporations, East Asian firms. And developmental states. He is the first geographer based in Asia to receive both the 2018 American Association of Geographers Distinguished Scholarship Honors (¡°in recognition of his extraordinary scholarship and leadership in the discipline") and the UK's Royal Geographical Society Murchison Award 2017 (for "pioneering publications in the field of globalization¡±). ln November 2022, he was conferred the 2022 Sir Peter Hall Award for Lifetime Contribution to the Field by the Regional Studies Association in London: "acknowledging and celebrating excellence in the field of regional studies"

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Based on the lead-authored chapter on semiconductors in Global Value Chain Development Report 2023 (October 2023) and the recent monograph Interconnected Worlds (Stanford University Press, June 2022), this presentation focuses on the role of global production networks and global value chains in understanding the geography of trade in the 21st century. Prof Yeung argues that the recent troubles with international trade and supply chain constraints can be better understood through a closer look at the complex and changing organization of global production networks and global value chains. Using the examples of electronics and semiconductors, he shows how this understanding is critical in decoding the ongoing geopolitical shifts and policy support for reshoring and the localization of production. The research ends with some key implications for research agendas and policy practice.

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