The Limits to Globalization Theory: A Geographic Perspective on Global Economic Change

Henry Wai-chung Yeung

Economic Geography, 2002, vol. 78, issue 3, 285-305

Abstract: The nature of globalization and global economic change has been a subject of immense academic research during the past two decades. The Janus face of globalization, however, continues to obfuscate our understanding of its complex processes and alleged geographic outcomes. In this article, I theorize on the indispensable role of geography in conceptualizing economic globalization. I argue that economic globalization is an inherently geographic phenomenon in relation to the transcendence and switchability of geographic scales and discursive practices as sociospatial constructions. Given its complex spatiality, economic globalization is more a phenomenon in need of explanations than a universal cause of empirically observable outcomes in the so-called globalization theory. To illustrate my theoretical claims, I analyze the complex interrelationships between globalization processes and the recent Asian economic crisis. Some implications for future globalization research in geography are offered.

Date: 2002
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DOI: 10.1111/j.1944-8287.2002.tb00188.x

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