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.