A theoretical and empirical analysis of the international political economy and its interactions with the Asian region. First section analyses the capitalist transformation of Asia, its role as the world's 'wealth bowl' and the political economic crises it faces. The second examines the movements of regional and global capital, especially from the United States and Japan, in the forms of investment, trade and finance as well as the resulting migrations of people and ecological problems. The final section assesses how far regional and global forms of governance can solve the main problems facing the region in the twenty first century.