This book is an effort by two naval experts, one a retired Russian Naval officer, the other an American naval arms control analyst, to look at the future relationship of the world's two greatest navies following the end of the Cold War and the demise of the Soviet Union. For the first time in English, readers are provided with a detailed examination of the sweeping changes in the strategy, doctrine, operations and size of both the U.S. and Russian navies in the last few years. The often frightening naval confrontations of the Cold War era have declined dramatically (but not entirely). The first tentative steps are outlined. The book offers a series of specific proposals to expand the current level of cooperation between the U.S. and Russian navies and even envisions a "strategic partnership" in the long term.

The 1990s saw a sea change in East Asian security concerns. The role of the ocean as a highway for trade and a location of vital resources became critical to the region's economic growth. Protection of territorial waters, the Exclusive Economic Zones established under the UN Law of the Sea, and strategic lines of communication grew in importance. Soon, a significant change in the size and sophistication of many of the region's naval forces began to occur as they acquired modern weapons platforms (ships and aircraft) and weapons systems. This study uses two approaches from quantitative arms race theory, the role of the armaments-tension spiral and that of enduring national rivalries, to examine the hard data on arms races in the region. The changing balance of naval forces has been interpreted in two very different ways. One camp has viewed the development as a largely benign and justifiable "modernization" of naval forces for legitimate defense purposes. A second camp has warned of a "naval arms race" in East Asia that will spawn armed conflict. Both camps have often relied on anecdotal evidence and rhetoric. While the argument was muted by the 1997 economic crisis, many naval projects have continued to move forward. Meconis and Wallace address the meaning of East Asian naval weapons acquisitions in the 1990s in a more formal and serious manner than any previous attempts, and they propose measures that might prevent naval conflict.