The fallout from the crisis in Asia has been immense. Asia's position as the global economy's growth engine is now no longer tenable. As the political and economic regimes that defined "Asian capitalism" struggle to survive, it is by no means clear that free markets, transparent and accountable systems of governance and more vigorous civil societies will follow. The contributors to this book argue that processes of globalization are driven by complex political forces and that it is not enough to look at economic factors in isolation. Chapters focus on the different political and market institutions being forged in the wake of the crisis: from the highly ordered responses of China and Singapore to the chaos and disintergration in Indonesia; from the money politics of Thailand to the developmentalist juggernauts of Korea. They put the crisis in its global context, reassessing its impact on the configurations of power and interest shaping global markets and analyzing the major Western economies.

The events of September 11, 2001 were a significant watershed in the emerging global order. However, the nature and consequences of this changing global order remain unclear.

This book argues that this new order is as much the result of issues relating to the evolving methods and forms of governance, as of the new role and position of the United States in the world system. Using an innovative framework, derived from the work of Carl Schmitt, Kanishka Jayasuriya explores the nexus between domestic political and constitutional structures and the global order, and examines how the post-war framework of international liberalism is crumbling under the new pressures of globalization. As well as looking at the implications of 9/11 for the global order, this new study:

• relates the events of 9/11 to the deep transformations of the post war global order
• emphasizes the importance of the rise of the new regulatory state
• examines the new politics of fear in liberal democracies including the US, UK and Australia
• studies the appropriation of the 'language of the left' by conservative forces
• explores the illiberal outcomes of actions undertaken in the name of liberalism.

This unique and timely study will be of great interest to students and researchers of international political economy, globalization and international political theory.

The events of September 11 have been a significant watershed in the emerging global order. The nature and consequences of this changing global order, however, remain unclear.
This book argues that this emerging order is as much the result of issues relating to the evolving methods and forms of governance, as of the new role and position of the United States in the world system. Jayasuriya develops an innovative framework extending that extends the work of theorists such as Carl Schmitt, Franz Neumann and Herbert Marcuse to explore the reconstitution of the post-war global liberal order. He analyses the nexus between domestic political and constitutional structures and the global order, and examines how the post-war framework of international liberalism is crumbling under the economic and political pressures fermented in the post cold war period. As well as looking at the implications of 9/11 for the global order, the author:
* Relates the events of 9/11 to the deep transformations of the post-war global order.
* Emphasizes the importance of the rise of the new regulatory state.
* Examines the new politics of fear in liberal democracies including the US, UK and Australia .
* Studies the appropriation of the "language of the left" by conservative forces.
* Notes the profoundly illiberal outcomes of actions undertaken in the name of liberalism.
This unique and timely study will interest students and researchers of international political economy, globalization, and international political theory.

In the wake of the Asian economic crisis the APEC-led process of regional integration and trade liberalization has been found wanting. Increasingly regional political leaders and domestic groups are searching for new forms of regional governance, from 'East Asian' regional grouping to the proliferation of new bilateral trade agreements.
This book looks at the changing global and domestic political economies shaping the new regionalism in Asia and examines the relationship between regional domestic, political and economic structures and forms of regional governance. Focusing on contemporary factors such as; the impact of globalization on Asian regionalism, new security challenges, monetary cooperation, sovereignty, democratization, industry policy and china's engagement with Southeast Asia, this book suggests that both the theory and practice of regionalism need to be radically revised in order to make the process applicable to the twenty first century.
With contributions from distinguished academics in the field who provide an overview of the conceptual foundations of regional governance, this book will be an indispensable resource for all who want to understand the emerging dynamics of regionalism in the Asia-Pacific.

This book is a challenging volume by distinguished, leading scholars of East Asian political economy; it provides a distinct alternative to simplistic accounts of the Asian crisis which generally swing between an emphasis on convergence imposed by global economic forces, and the resurrection of the special patterns of East Asian economic governance. The authors argue that global forces and domestic structures are engendering new forms of economic and political regulation in East Asia. While these signal the death knell of the developmental state, this in itself does not presuppose a convergence towards a standard model of global capitalism. The arguments in this book will contribute significantly to the construction of a new research agenda for comparative political economy at the dawn of a new century.
Politics and Markets in the Wake of the Asian Crisis covers a range of East Asian countries including the People's Republic of China, South Korea, Indonesia, Thailand and Malaysia. All the studies are linked together by a common endeavour to explore the dynamic interaction between global economic forces and domestic structures. The book is at the cutting edge of the study of East Asian political economy, and is distinguished by the attention it pays to the regional and international context of the crisis. It also contains theoretically sophisticated analyses of organisations such as APEC and the IMF.

Jayasuriya looks at the changing global and domestic political economies shaping the new regionalism in Asia, and examines the relationship between regional domestic, political and economic structures and forms of regional governance. Well-known contributors in the field focus on the impact of globalization on Asian regionalism, new security challenges, monetary cooperation, sovereignty, democratization, industry policy and China's engagement with southeast Asia. Providing a detailed overview of the conceptual foundations of regional governance, this text is an indispensable resource for all who want to understand the emerging dynamics of regionalism in the Asia Pacific.