The proliferation of regional institutions and initiatives in Asia over the past decade is unmatched in any other region of the world. The authors in this collection explore the distinctive features of these institutions by comparing them for the first time to the experience of other regions; from the elaborate institution-building of Europe to the more modest regional projects of the Americas. It is an opportune moment for this reassessment, as the European regional model faces a sovereign debt crisis while Asian economies see more secure sources of growth from their immediate neighbors. Asia's regional institutions display a distinctive combination of decision rules, commitment devices, and membership practices, shaped by underlying features of the region, the dynamics of regional integration, and the availability of institutional substitutes. Within this context, the authors propose changes that will better sustain the prosperity and peace that have marked Asia in recent decades.

Predictions that globalization would undermine territorial attachments and weaken the sources of territorial conflict have not been realized in recent decades. Globalization may have produced changes in territoriality and the functions of borders, but it has not eliminated them. The contributors to this volume examine this relationship, arguing that much of the change can be attributed to sources other than economic globalization. Bringing the perspectives of law, political science, anthropology, and geography to bear on the complex causal relations among territoriality, conflict, and globalization, leading contributors examine how territorial attachments are constructed, why they have remained so powerful in the face of an increasingly globalized world, and what effect continuing strong attachments may have on conflict. They argue that territorial attachments and people's willingness to fight for territory depends upon the symbolic role it plays in constituting people's identities, and producing a sense of belonging in an increasingly globalized world.

Leadership selection in the major global economic organizations produced unprecedented levels of public conflict during the 1990s. The convention that awards the IMF managing directorship to a European and the World Bank presidency to an American sparked conflict between the United States and Europe as well as growing discontent on the part of Japan and the developing countries. At the WTO, successive conflicts demonstrate deeper shortcomings in governance as membership expands rapidly and consensus decision making fails. Protracted efforts to choose new heads of these increasingly important organizations have undermined their legitimacy and distracted members from their core agendas. This selection process and its flaws provide a central theme for the analysis and prescriptions presented in this study, which focuses on the major international financial institutions (IFIs) and other global and regional multilaterals. Miles Kahler looks at the sources of conflict and presents recommendations for reform: in the short run, changes in the process, such as the use of search committees; in the long run, the dismantling of the US-European convention at the IFIs and changes in representation at the WTO. The author's diagnosis and policy recommendations have important implications for leadership selection in other regional and global organizations.

Predictions that globalization would undermine territorial attachments and weaken the sources of territorial conflict have not been realized in recent decades. Globalization may have produced changes in territoriality and the functions of borders, but it has not eliminated them. The contributors to this volume examine this relationship, arguing that much of the change can be attributed to sources other than economic globalization. Bringing the perspectives of law, political science, anthropology, and geography to bear on the complex causal relations among territoriality, conflict, and globalization, leading contributors examine how territorial attachments are constructed, why they have remained so powerful in the face of an increasingly globalized world, and what effect continuing strong attachments may have on conflict. They argue that territorial attachments and people's willingness to fight for territory depends upon the symbolic role it plays in constituting people's identities, and producing a sense of belonging in an increasingly globalized world.

Critics of globalization claim that economic integration drains political authority from states: devolving authority to newly empowered regions, delegating it to supranational organizations, and transferring it to multinational firms and nongovernmental organizations. Globalization is also attacked for forcing convergence of state institutions and policies and threatening the ability of societies to chart their own democratically determined courses. In "Governance in a Global Economy," Miles Kahler and David Lake assemble the contributions of seventeen leading scholars who have systematically investigated how global economic integration produces changes of governance. These authors conclude that globalization has created a new and intricate fabric of governance, but one that fails to match the stark portrait of beleaguered states.

Exploring changes in governance across several policy areas (such as tourism, trade, finance, and fiscal and monetary policy), the authors demonstrate that globalization changes the policy preferences of some actors, increases the bargaining power of others, and opens new institutional options for yet others. By reintroducing agency and choice into our understanding of globalization, this book provides important new insights into the complex and contingent effects of globalization on political authority and governance.

The introduction and the conclusion are by the editors; the contributors are James A. Caporaso, Benjamin J. Cohen, Barry Eichengreen, Zachary Elkins, Geoffrey Garrett, Peter Gourevitch, Virginia Haufler, Michael J. Hiscox, Robert O. Keohane, Lisa L. Martin, Walter Mattli, Kathleen R. McNamara, Joseph S. Nye, Jr., Jonathan Rodden, Ronald Rogowski, Beth A. Simmons, and Peter Van Houten.

Professor Kahler focuses on organizations below the state, investigating party competition and sensitivity to political change produced by the characteristics of commercial firms. In addition, he explores transmission of external shocks to the domestic polity by the state itself and the domestic politics of settler societies under external threat Originally published in 1984. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Professor Kahler focuses on organizations below the state, investigating party competition and sensitivity to political change produced by the characteristics of commercial firms. In addition, he explores transmission of external shocks to the domestic polity by the state itself and the domestic politics of settler societies under external threat

Originally published in 1984.

The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

The Great Recession and its aftershocks, including the Eurozone banking and debt crisis, add up to the worst global economic crisis since the Great Depression of the 1930s. Although economic explanations for the Great Recession have proliferated, the political causes and consequences of the crisis have received less systematic attention. Politics in the New Hard Times is the first book to focus on the Great Recession as a political crisis, one with both political sources and political consequences.

The authors examine variation in crises over time and across countries, rather than treating these events as undifferentiated shocks. Chapters also explore how crisis has forced the redefinition and reinforcement of interests at the level of individual attitudes and in national political coalitions. Throughout, the authors stress that the Great Recession is only the latest in a long history of international economic crises with significant political effects and that it is unlikely to be the last.

Contributors: Suzanne Berger, MIT; J. Lawrence Broz, University of California, San Diego; Peter Cowhey, University of California, San Diego; Peter A. Gourevitch, University of California, San Diego; Stephan Haggard, University of California, San Diego; Peter A. Hall, Harvard University; Miles Kahler, University of California, San Diego; Peter J. Katzenstein, Cornell University; Ikuo Kume, Waseda University; David A. Lake, University of California, San Diego; Megumi Naoi, University of California, San Diego; Stephen C. Nelson, Northwestern University; Pablo Pinto, Columbia University; James Shinn, Princeton University"

The authors discuss how democracies engage in foreign policies that are vastly different from those of other regimes; the comparison of transitional or liberalizing democracies in Spain, Eastern Europe, the Middle East, and sub-Saharan Africa to established democracies like the United States; the noteworthy outcome of economic liberalization; and the strategies of collaboration within international institutions such as the European Community and NATO.

The Great Recession and its aftershocks, including the Eurozone banking and debt crisis, add up to the worst global economic crisis since the Great Depression of the 1930s. Although economic explanations for the Great Recession have proliferated, the political causes and consequences of the crisis have received less systematic attention. Politics in the New Hard Times is the first book to focus on the Great Recession as a political crisis, one with both political sources and political consequences.

The authors examine variation in crises over time and across countries, rather than treating these events as undifferentiated shocks. Chapters also explore how crisis has forced the redefinition and reinforcement of interests at the level of individual attitudes and in national political coalitions. Throughout, the authors stress that the Great Recession is only the latest in a long history of international economic crises with significant political effects and that it is unlikely to be the last.

Contributors: Suzanne Berger, MIT; J. Lawrence Broz, University of California, San Diego; Peter Cowhey, University of California, San Diego; Peter A. Gourevitch, University of California, San Diego; Stephan Haggard, University of California, San Diego; Peter A. Hall, Harvard University; Miles Kahler, University of California, San Diego; Peter J. Katzenstein, Cornell University; Ikuo Kume, Waseda University; David A. Lake, University of California, San Diego; Megumi Naoi, University of California, San Diego; Stephen C. Nelson, Northwestern University; Pablo Pinto, Columbia University; James Shinn, Princeton University"

The concept of network has emerged as an intellectual centerpiece for our era. Network analysis also occupies a growing place in many of the social sciences. In international relations, however, network has too often remained a metaphor rather than a powerful theoretical perspective. In Networked Politics, a team of political scientists investigates networks in important sectors of international relations, including human rights, security agreements, terrorist and criminal groups, international inequality, and governance of the Internet. They treat networks as either structures that shape behavior or important collective actors. In their hands, familiar concepts, such as structure, power, and governance, are awarded new meaning.

Contributors: Peter Cowhey, University of California, San Diego; Mette Eilstrup-Sangiovanni, University of Cambridge and Sidney Sussex College;Zachary Elkins, University of Texas at Austin; Emilie M. Hafner-Burton, Princeton University; Miles Kahler, University of California, San Diego; Michael Kenney, Pennsylvania State University; David A. Lake, University of California, San Diego; Alexander H. Montgomery, Reed College; Milton Mueller, Syracuse University School of Information Studies and Delft University of Technology; Kathryn Sikkink, University of Minnesota; Janice Gross Stein, University of Toronto; Wendy H. Wong, University of Toronto; Helen Yanacopulos, Open University"

The concept of network has emerged as an intellectual centerpiece for our era. Network analysis also occupies a growing place in many of the social sciences. In international relations, however, network has too often remained a metaphor rather than a powerful theoretical perspective. In Networked Politics, a team of political scientists investigates networks in important sectors of international relations, including human rights, security agreements, terrorist and criminal groups, international inequality, and governance of the Internet. They treat networks as either structures that shape behavior or important collective actors. In their hands, familiar concepts, such as structure, power, and governance, are awarded new meaning.

Contributors: Peter Cowhey, University of California, San Diego; Mette Eilstrup-Sangiovanni, University of Cambridge and Sidney Sussex College;Zachary Elkins, University of Texas at Austin; Emilie M. Hafner-Burton, Princeton University; Miles Kahler, University of California, San Diego; Michael Kenney, Pennsylvania State University; David A. Lake, University of California, San Diego; Alexander H. Montgomery, Reed College; Milton Mueller, Syracuse University School of Information Studies and Delft University of Technology; Kathryn Sikkink, University of Minnesota; Janice Gross Stein, University of Toronto; Wendy H. Wong, University of Toronto; Helen Yanacopulos, Open University"

Capital flows to the developing economies have long displayed a boom-and-bust pattern. Rarely has the cycle turned as abruptly as it did in the 1990s, however: surges in lending were followed by the Mexican peso crisis of 1994-95 and the sudden collapse of currencies in Asia in 1997. This volume maps a new and uncertain financial landscape, one in which volatile private capital flows and fragile banking systems produce sudden reversals of fortune for governments and economies. This environment creates dilemmas for both national policymakers who confront the "mixed blessing" of capital inflows and the international institutions that manage the recurrent crises.

The authors -- leading economists and political scientists -- examine private capital flows and their consequences in Latin America, Pacific Asia. and East Europe, placing current cycles of lending in historical perspective. National governments have used a variety of strategies to deal with capital-account instability. The authors evaluate those responses. prescribe new alternatives, and consider whether the new circumstances require novel International policies.

Miles Kahler holds the Rohr Chair in Pacific International Relations at the University of California, San Diego. The author of several books. be edited The Politics of International Debt, also from Cornell.

Capital flows to the developing economies have long displayed a boom-and-bust pattern. The cycle turned abruptly in the 1990s, however: surges in lending were followed by the Mexican peso crisis of 1994-5 and the sudden collapse of currencies in Asia in 1997. This volume maps a new and uncertain financial landscape, one in which volatile private capital flows and fragile banking systems produce sudden reversals of fortune for governments and economies. This environment creates dilemmas for both national policymakers who confront the mixed blessing of capital inflows and the international institutions that manage the recurrent crises.

Dynamic changes in international institutions have been a striking feature of international politics in the post-cold war world. The General Agreement on Tariffs and Trade (GATT) has been transformed into the Word Trade Organization, the International Monetary Fund (IMF) and the World Bank have assumed new roles in the transitional economies of Eastern Europe and the former soviet Union, and regional arrangements have proliferated. With deepening economic integration, these institutions play an increasingly important role.In this book, a part of the Integrating National Economies series, Miles Kahler examines both global and regional institutions and their importance in the world economy. Kahler explains the variation in these institutions and assesses the role they play in sustaining economic cooperation among nations. With greater tensions arising between an economy that is more integrated and a political order that remains highly fragmented, international institutions face many hurdles in supporting policy coordination and harmonization. The core global institutions the IMF, World Bank, and GATT have redesigned their roles in response to the new realties of economic integration. Kahler explains the evolution of these institutions, compares their strengths and weaknesses, and analyzes their efforts to deal with deeper integration. He then considers the array of regional institutions the European Union, North American Free Trade Agreement, and Asia-Pacific Economic Cooperation and the tensions they must confront between national desires to maintain political autonomy and, at the same time, benefit form intensified economic exchange. International institutions confront common dilemmas of widening scope and larger memberships. Kahler concludes that no single institutional model guarantees successful international collaboration. He argues that institutional variety is inevitable and even desirable, and highlights the advantages of flexible institutions. Rapid international economic change, domestic political demands, and the changing boundaries of knowledge reward institutions that are decentralized and respond prompt to the demands of their members. International collaboration may be sustained by institutions that do not display clear, substantive rules or centralized enforcement powers. A volume of Brookings' Integrating National Economies Series