This book examines Financial regionalism in East Asia has stimulated not only a new architecture for regional governance, but also a transformation in Indonesia’s national regulatory framework. As a relatively new phenomenon compared to trade regionalism, financial regionalism has successfully shaped cooperative networks among financial authorities in East Asia. In this incisive new book, Eko Saputro explores how new financial alliances and regulatory frameworks will allow Indonesia to rapidly take a new place at the global table, bringing the explosive growth that other Asian countries have seen to the archipelago nation. This book will be of equal value to academics, policy makers, students, and scholars, both in the region and abroad.

Karim examines the changes and continuity of Indonesia’s foreign policy in the post-authoritarian era, under presidents Susilo Bambang Yudhoyono and Joko Widodo. Indonesia conceptualised and aimed to adopt four principle roles after 2004 – being a voice for developing countries; being a regional leader; being an advocate for democratic and human rights; and being a bridge-builder. These roles, however, were by no means stable and were constantly being negotiated and contested. Karim analyses the contested nature of Indonesian foreign policy and the limits this places on consistency in enacting these roles. He highlights two drivers for such limitations – conflicting role conceptions and state fragmentation. He develops this argument based on four case studies of Indonesia’s engagement in human rights governance and trade governance at both regional and global levels. Essential reading for students and scholars of Indonesia’s foreign policy, that will also be of substantial value to those studying policy in Southeast Asia more broadly.

This book focuses on the Indonesian Financial Service Authority (FSA), which is a newly established authority within Indonesian financial services institutions that has emerged as the ultimate decision-maker for portfolio investment liberalization. In doing so, the book elaborates on how the emergence of the Indonesian FSA has resulted in implementation gaps in Indonesia, in the area of portfolio investment liberalization. The book reveals that the endowment of an ‘independent and free’ status, as well as the FSA’s power over the Indonesian financial sector, has allowed agents in the FSA to provide different positions or responses to the already agreed ASEAN financial liberalization initiatives. Contrary to the expectations of most writers that the independent status of an institution would advance financial liberalization, this book shows that the ‘independent and free’ status of the Indonesian FSA has actually stymied financial liberalization. To achieve this, the book employs a modified account of the historical institutionalism approach, or ‘the agents-in-context’ approach, examining how and why the Indonesian FSA has emerged as an independent authority. The insights drawn from applying a modified historical institutionalism approach to the case study of Indonesian portfolio investment liberalization critiques and complements existing works in the regionalism literature in general, and ASEAN financial integration particularly.

This volume seeks to examine the evolving contours of Asian multilateralism through emerging China and how it is likely to impact on the growth trajectories of Asian countries. From this perspective, it explores the prospects for ‘partnership’ in Asia, especially in terms of China’s engagement with its principal Asian neighbours, especially India. A substantial part of the volume is devoted to debating China–India relations, highlighting their mutual stakes through their economic and security cooperation as well as their engagement with other countries and regional forums. The book furthers the understanding of the rise of China from an Indian perspective while simultaneously locating China’s rise in the economic dynamics of an emerging Asia. The volume offers illuminating viewpoints, analyses and insights from multiple perspectives, mixed with academic rigour and up-to-date information. It will be of interest to those engaged in economics, politics, trade relations, Indo-China relations, foreign policy, area studies, public policy, and strategic studies.

This book explores the intricate web of economic diplomacy, Asia Pacific strategies, and Mega Free Trade Agreements (FTAs) that shape the region's dynamics. It also examines the European Union's perspective, considering its shared interests with East Asia and the USA. Avoiding military conflicts in sensitive regions such as the Taiwan Straits and the Korean Peninsula is crucial, as the economic ramifications of any such conflicts could be catastrophic on a global scale, fundamentally altering the course of the New Cold War. Divided into four parts, the book begins with an introduction, setting the stage for the ensuing exploration. Part two delves into economic diplomacy, Asia Pacific strategies, and Mega FTAs in East Asia, while part three examines the same themes in the context of the European Union. Finally, part four concludes with insightful remarks that tie together the findings from the preceding sections. As the world teeters on the precipice of a new era defined by global power struggles and geopolitical realignments, this book offers a comprehensive analysis of the pressing issues facing East Asia and the EU. It challenges readers to reflect on history's lessons and find wise solutions through theoretical and practical approaches.

Written by the highly regarded diplomat Marty Natalegawa, former ambassador and foreign minister of Indonesia, this book offers a unique insider-perspective on the present and future relevance of ASEAN. It is about ASEAN’s quest for security and prosperity in a region marked by complex dynamics of power. Namely, the interplay of relations and interests among countries — large and small — which provide the settings within which ASEAN must deliver on its much-cited leadership and centrality in the region. The book seeks to answer the following questions: How can ASEAN build upon its past contributions to the peace, security and prosperity of Southeast Asia, to the wider East Asia, the Asia-Pacific and the Indo-Pacific regions? More fundamentally and a sine qua non, how can ASEAN continue to ensure that peace, security and prosperity prevail in Southeast Asia? And, equally central, how can ASEAN become more relevant to the peoples of ASEAN, such that its contributions can be genuinely felt in making better the lives of its citizens?

The past two decades have witnessed far-reaching socioeconomic and political changes in Asia, such as the growing intraregional flows of capital, goods, people, and knowledge, the rise of China as the world’s second largest economy, and its increasing influence in Southeast Asia, intensified US–China confrontations in the global arena, and the onslaught of the global Covid-19 pandemic. Focusing on multidimensional interactions (including geopolitical and economic relationships, diaspora engagement, and knowledge exchange) between China and Southeast Asia, this book argues that an interwoven perspective of the political economy, transnational governance, and regional networks serves as an effective analytical framework for deciphering these transformations as well as their global and theoretical implications. Drawing upon a wide range of primary data and engaging with the latest interdisciplinary scholarship on contemporary Asia, this book’s thought-provoking and nuanced analyses will appeal to scholars and students in Chinese and Southeast Asian studies, international political economy, international relationships, ethnic and migration studies, and public governance.

This book focuses on global financial systems. After summarising historical financial institutions, it subsequently uses economic and econometrical models to analyse the strengths and weaknesses of these institutions and their role in the history. Readers, especially international readers, will be introduced to prominent Chinese scholars’ ideas and views on these issues. The perspective of this book is, of course, a Chinese one. As such, readers will learn how Chinese people view global financial systems, even those dominated by the West, what they think about future global finance, etc. As such, the book offers intriguing and revealing insights for researchers and a broader readership alike.

Reflecting the profound changes in international society in the past decade and the challenges that all Powers’ diplomacy and statecraft face, whether opposing or encouraging these changes, this fully revised and updated edition provides a unique multifaceted assessment by experts of the new international order. Built around the thesis that Great Power rivalry dominated after the end of the Cold War, it examines how this multi-polarity has become more extreme. The Handbook assesses the diplomacy and statecraft of individual powers in seven key sections: • The Context of Diplomacy • The Great Powers • Middle Powers • Developing Powers • International Organisations and Military Alliances • The International Economy • Issues of Conflict and Co-operation It shows how diplomacy and statecraft have transformed on issues such as the evolving "America First" strategy; the strengthening of the People’s Republic of China; the growth of non-state actors in foreign policy; the unravelling of international arms control agreements; the aggressive nature of Russian foreign policy; and the emergence of major armed conflicts and the rise of terrorism and armed insurgencies around the world. It will be of interest to government and non-governmental actors, established scholars and students in the fields of international relations, history, and military studies.

The Routledge Handbook of Asian Regionalism is a definitive introduction to, and analysis of, the development of regionalism in Asia, including coverage of East Asia, Southeast Asia and South Asia. The contributors engage in a comprehensive exploration of what is arguably the most dynamic and important region in the world. Significantly, this volume addresses the multiple manifestations of regionalism in Asia and is consequently organised thematically under the headings of: conceptualizing the region economic issues political issues strategic issues regional organizations As such, the Handbook presents some of the key elements of the competing interpretations of this important and highly contested topic, giving the reader a chance to evaluate not just where Asian regionalism is going but also how the scholarship on Asian regionalism is analysing these trends and events. This book will be an indispensable resource for students and scholars of Asian politics, international relations and regionalism.