Contents -- Preface -- Introduction South Asia: Beyond the Global Financial Crisis K. Shanmugam -- Introduction -- Economic focus -- "Beyond the crisis" -- India: Beyond the Crisis -- Outsider's Perspectives of India -- India's Unique Experiment -- The Anglo-Saxon model -- The East Asian model -- India -- India: Post-Crisis -- Engagement Between India and Southeast Asia -- Chapter 1 South Asia and the Global Financial Crisis: Impacts and Implications Amitendu Palit -- Introduction -- More Financial, Less Economic -- Crisis and South Asia: Connections and Concerns -- Crisis and Conflict: The South Asian Scenario -- Beyond the Crisis -- Chapter 2 Global Crisis, Financial Institutions and Reforms: An EME Perspective Dilip M. Nachane -- Introduction -- Indian Financial System -- Global Crisis: Triggering and Aggravating Factors -- Global Crisis: Reassessment of Financial Systems -- Efficient markets hypothesis EMH -- McKinnon-Shaw thesis -- Global Crisis: Coordinated Policy Response -- Role of National Regulatory and Supervisory Authorities -- Scope of regulation -- Leverage of financial institutions -- Pro-cyclicality of capital requirements -- Reducing cost of financial failures -- Devising market incentives for prudent behaviour -- Revised Role of the IMF -- Role of the Financial Stability Board (FSB) and Other International Standard Setting Bodies -- Role of the G20 -- Official Thinking on Future Course of Financial Sector Reforms in India: A Critique -- Macroeconomic framework -- Principles versus rules-based regulation -- Regulatory and supervisory independence -- A Suggested Agenda -- Conclusion -- References -- Chapter 3 Socio-Economic Developments in South Asia: Issues and Outlook Mani Shankar Aiyar -- South Asia is Prospering -- South Asians are Not -- Chapter 4 Political Developments in South Asia: Issues and Outlook Sartaj Aziz.

Positive Political Developments -- Obstacles and Constraints -- Future Outlook -- Chapter 5 The Major Powers and Conflicts in South Asia T.V. Paul -- Introduction -- South Asia and the Major Powers -- Future Patterns of Major Power Intervention in South Asia -- Future US involvement in South Asia -- China's rising role in South Asia -- What Can Major Powers Do to Mitigate Conflict in South Asia? -- The role of regional states -- Conclusion -- Chapter 6 Religious Extremism and Terrorism in Pakistan: Challenges for National Security Rasul Bakhsh Rais -- Religion, State and Society -- Sociology of Religious Resurgence -- Religious Extremism -- The Question of Tolerance -- The Taliban and Violence -- Conclusion -- Chapter 7 Prospects for Conflict Resolutions in South Asia Dayan Jayatilleka -- The Blowback Zone -- The Indian and Chinese Models and the Maoist Surge in South Asia Today -- Nepal -- India -- AF-PAK: The Stakes and Options in Afghanistan -- Sri Lanka's Lessons for the World -- Prospects for durable peace -- Power sharing as solution -- The Obama paradigm -- Chapter 8 India, Pakistan and Bangladesh: "Trilaterlism" in South Asia? Iftekhar Ahmed Chowdhury -- Introduction -- India-Pakistan Relations -- India-Bangladesh Relations -- Pakistan-Bangladesh Relations -- Developing "Trilateralism" -- Index -- List of Contributors.