Conceptualizing Risk - Disruptions and Uncertainties and the State of the Global Economy

Brexit, climate change and the Covid 19 pandemic have shown how global economy is vulnerable to risks. Individuals, organizations, and institutions at all levels ranging from local to global have been faced with disruptions and uncertainties. These have called into questions the highly spatially frag-mented architecture of globalization that has prevailed in recent decades. How realistic is a new archi-tecture of the global economy and what should it look like? What strategies are there to reduce risks and uncertainties arising from spatial economic interdependencies?

Although economic geography has produced significant work on regional resilience, adaptation, lock-ins and risk mitigation in global value chains (GVC) or global production networks (GPN), there is still ambiguity about (1) how to theorize and operationalize risk, (2) how economic actors deal with uncer-tainties and (3) how to mitigate disruptions between various actors.

This special session aims to generate debate on existing theories and concepts in addressing current risks and disruptions that are potentially reshaping the globalized economy, and to stir discussion on the need to conceptualize values and risks in economic geography research. Scholars who theoretically and empirically explore how the global economy is being reorganized in all aspects, i.e. economic, po-litical, social, and environmental are invited. We welcome papers that cover all dimensions of risks. Papers may examine topics including, but are not restricted to: