This paper argues that the collective action in Asia by its regional organizations has historically suffered from a “capability–legitimacy gap†: a disjuncture between the capability (in terms of material resources) of major Asian powers to lead regional cooperation on the one...

This paper examines the evolving dynamics between economic globalization and Asian regional interdependence, and asks whether and how the global financial crisis impacted Asian regionalism. The analysis suggests that the global crisis did trigger advances in regional policy cooperation...

India has an emerging web of cooperation with East Asian countries, especially ASEAN through the ASEAN-India dialogue process, the bilateral free trade agreements with Singapore and Thailand and sub-regional initiatives such as the Mekong-Ganga cooperation and the BIMST-EC. In this discussion...

The 21st century, as being said the world over, will belong to Asia. The regional economic cooperation in Asia is developing fast and well with the ASEAN as a center and with the positive participations of major Asian nations such as China, India and Japan. The cooperation has shown that the...

The essay addresses that, after 30years open and reform policy, with the increasing connectivity with the rest of the world, China has been transforming from a traditional land power to a new type of sea power. This transformation requires a sophisticate and modernized Chinese navy, and more...

This paper reviews the experience of undertaking reforms in Indonesia after the economic crisis 1997/98, focusing on the reforms made under the last two presidents : Megawati and Susilo Bambang Yudhoyono. The review leads the paper to draw some lessons from the experience. Among other, the role...

This paper reviews the experience of undertaking reforms in Indonesia after the economic crisis 1997/98, focusing on the reforms made under the last two presidents - Megawati and Susilo Bambang Yudhoyono. The review leads the paper to draw some lessons from the experience. Among other, the role...

The 1990s saw an era of fiscal consolidation in industrialised countries, which struggled with fiscal deficits throughout the 1970s and 1980s. Reforms in public expenditure management, typically the introduction of fiscal rules and targets, together with favourable economic growth contributed to...

This paper argues that calls for a New Bretton Woods system in the aftermath of the global economic crisis—similar to the remarkable 1944 Bretton Woods conference that led to the establishment of various international economic institutions—are unlikely to be answered. The likely...

Most projections envision continued rapid growth in the members of the Association of Southeast Asian Nations (ASEAN), the People’s Republic of China (PRC), and India (collectively, ACI) over the next two decades. By 2030, they could quadruple their output, virtually eliminate extreme...