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By E. Palmujoki

Eero Palmujoki examines the regionalist debate in Southeast Asia from the top of the chilly conflict as much as the start of the hot millennium. He specializes in the association of the ASEAN (Association of Southeast Asian international locations) and covers the political, monetary and safety matters characterizing its improvement. The ebook compares the theoretical debate with political advancements within the sector, from the start of the post-Cold battle interval with its fast financial development in the course of the Asian fiscal concern of 1997 and the ensuing restructuring of Southeast-Asian nearby platforms.

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Extra info for Regionalism and Globalism in Southeast Asia

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The supporters of regional cooperation referred to the developments among the European Community and the North American Free Trade Agreement (NAFTA). In 1989 a new AsiaPacific organization for economic cooperation was established. Originally created as a loose consultation forum for Asia-Pacific countries, AsiaPacific Economic Cooperation (APEC) began in the early 1990s to develop into a more institutionalized economic organization. At the same time, Malaysian Prime Minister Mahathir Mohamad raised his proposal for an East Asian regional arrangement, the East Asian Economic Grouping (EAEG).

As in realist theory, Southeast Asian politicians' rationalist arguments are based on the concept of sovereign states which are eager to pursue political power and hegemony. Characteristically, however, Southeast Asian political power is not based solely on military power, but also on economic development and growth. Here again, the role of governmental cooperation in Southeast Asia is to support the economic development of the nation-states and the economic growth of the whole region. The question is, what kinds of elements are left in Southeast Asian realism after the end of the Cold War?

52 Since the pursuit of power is universal, the intentions of regional as well as foreign powers could prove equal threats to the existing regional order. 53 However, Malaysian thinking did not totally reject the role of external powers, as "[realistically, however, such disengagement [of external powers] cannot be expected until and unless South East Asia develops national and regional resilience. " 54 The Kampuchean conflict, which united ASEAN's external policy and supported Singapore's argument to accept the US presence in Southeast Asia, also pushed the question of the content of neutralism largely aside.

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