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Trade and Global Value Chains in Times of Insecurity

May 2-3, 2023
Kuala Lumpur & Online
Cover image for the Trade and Global Value Chains in Times of Insecurity Conference

Event Materials

Recordings of the event can be accessed at the YouTube links below. Papers and presentations can be accessed on the Agenda tab. All times given are in Kualu Lumpur local time, which is EDT +12 hours / UTC +8 hours.

Date | TimeSessionsLink
May 2 | 8:45am-9:00amOpening RemarksYouTube      
May 2 | 9:00am-11:00amSession 1: Trade Tensions YouTube
May 2 | 11:30am-12:50pm Session 2: Global Production NetworksYouTube
May 2 | 2:00pm-4:00pmSession 3: Trade and the Environment YouTube
May 2 | 4:30pm-5:30pmKeynote speech by Amit KhandelwalYouTube
May 3 | 8:45am-10:45amSession 4: Automation, Shocks and ConcentrationYouTube
May 3 | 11:15am-12:30pmSession 5: Trends in Investment YouTube
May 3 | 1:30pm-3:30pmSession 6: Sanctions, Export Controls and Dispute SettlementYouTube
May 3 | 4:00pm-4:30pmSpecial Address by YB Senator Tengku Datuk Seri Zafrul Tengku Abdul AzizYouTube      
May 3 | 4:30pm-5:30pmPanel DiscussionYouTube

About the Event

The World Bank and the Asia School of Business are organizing a conference to explore recent developments in international trade and cross-border economic activity. How are recent exogenous shocks and policy choices in major trading partners affecting global patterns of trade and GVCs? How are firms striking a balance between efficiency and resilience? What is the impact on developing countries? What are the implications for their trade and investment policies? What forms of international cooperation are desirable and feasible? We invite submissions of empirical and theoretical contributions that analyze the above and related questions. Papers relevant to the East Asia and Pacific region are particularly welcome.

Note that all times are listed in Kuala Lumpur local time, which is EDT +12 hours / UTC +8 hours.

Day 1 (Tuesday, 2 May 2023)

8:00 – 8:45 AM

Registration and breakfast

8:45 – 9:00 AM

Introduction (YouTube)

Welcome Address – Ndiamé Diop (World Bank, Country Director for Brunei, Malaysia, Philippines, and Thailand)

Opening remarks – Prof. Dr. Abigail Tay (Asia School of Business, Deputy Dean and Faculty Chair)

9:00 – 11:00 AM

Session 1: Trade Tensions (YouTube)

Celestine Siameh (University of Minnesota): "Brexit, Trade in Intermediates, and Global Value Chains: Beyond the UK and the EU" (Paper Presentation)

Yang Zhou (Fudan University): "The US-China Trade War and Global Value Chains" (Paper Presentation)

Laurent Pauwels (NYU Abu Dhabi): "Empirical Approximation of the Effects of Trade Sanctions with an Application to Russia" (Paper Presentation)

11:00 – 11:30 AM

Coffee / Tea Break

11:30 AM –
12:50 PM

Session 2: Global Production Networks (YouTube)

Nuriye Melisa Bilgin (Bocconi University): "Endogenous Production Networks and Supply Chain Disruptions" (Paper | Presentation)

Piyush Panigrahi (Johns Hopkins University): "Endogenous Spatial Production Networks: Quantitative Implications for Trade and Productivity" (Paper | Presentation)

1:00 – 2:00 PM


2:00 – 4:00 PM





Session 3: Trade and the Environment (YouTube)

Haishi “Harry” Li (University of Hong Kong): "We are all in the same boat: Cross-border spillovers of climate shocks through international trade and supply chains" (Paper Presentation)

Oscar Avila (Central Bank of Colombia): "Foreign Climate Policy and Domestic Industry Adjustment in a Small Open Economy" (Paper Presentation)

Ziho Park (National Taiwan University): "Trade Policy Uncertainty, Offshoring, and the Environment: Evidence from US Manufacturing Establishments" (Paper Presentation)

4:00 – 4:30 PM

Coffee / Tea Break

4:30 – 5:30 PM

Keynote Speech: Amit Khandelwal (Yale University) (Presentation | YouTube)


Day 2 (Wednesday, 3 May 2023)

8:15 – 8:45 AM

Registration and Breakfast

8:45 – 10:45 AM

Session 4: Automation, Shocks and Concentration (YouTube)

Thao Trang Nguyen (Maastricht University): "Does Automation Adoption Drive Reshoring? A Cross-Country Investigation" (Paper Presentation)

Sally Chen (BIS, HK Monetary Authority): "Global supply chain interdependence and shock amplification – evidence from Covid lockdowns?" (Paper Presentation)

Eduardo Pinheiro Fraga (World Bank): "Drivers of Concentration: The Roles of Trade Access, Structural Transformation, and Local Fundamentals" (Paper Presentation)

10:45 – 11:10 AM

Coffee / Tea Break

11:15 AM –
12:30 PM

Session 5: Trends in Investment (YouTube)

Andrea F. Presbitero (IMF): "Geoeconomic fragmentation and foreign direct investment" (Paper Presentation)

Sergio Schmukler (World Bank): "Bilateral International Investments: The Big Sur?" (Paper Presentation)

12:30 – 1:30 PM


1:30 – 3:30 PM

Session 6: Sanctions, Export Controls and Dispute Settlement (YouTube)

Fabio Ghironi (University of Washington): "International Trade and Macro Dynamics with Sanctions" (PaperPresentation)

Ryo Makioka (Hokkaido University): "The Impact of Export Controls on International Trade: Evidence from the Japan--Korea Trade Dispute in Semiconductor Industry" (Paper Presentation)

Eric Arias (World Bank): "Impartiality & US influence in International Trade Courts: Evidence from the WTO Appellate Body" (Paper Presentation)

3:30 – 4:00 PM

Coffee / Tea Break

4:00 – 4:30 PM

Special Address (YouTube)

YB Senator Tengku Datuk Seri Zafrul Tengku Abdul Aziz (Minister of Investment, Trade and Industry)

4:30 – 5:30 PM

Panel Discussion: Malaysia’s participation and progression in Global Value Chains amid the recent global developments (YouTube)

Introductory Presenter: Daria Taglioni (World Bank, Research Manager) (Presentation)


  • YBhg Dato’ Seri Wong Siew Hai (Malaysia Semiconductor Industry Association, President)
  • YBhg Datuk Seri Isham Ishak (Ministry of International Trade and Industry, Secretary General)
  • Dr. Ong Kian Ming (Taylor’s University, Program Director)

Moderator: Aaditya Mattoo (World Bank, East Asia and Pacific, Chief Economist)

5:30 – 5:45 PM

Closing Remarks – Yasuhiko Matsuda (World Bank, Country Manager)



  • DATE: May 2-3, 2023
  • LOCATION: Asia School of Business, Kuala Lumpur