Contents -- Foreword -- Preface -- Acknowledgments -- Part 1: Future Global Trends -- The Return of Malthus: Scarcity and International Order -- An Extended Debate -- A Debate Extended -- The Wolf This Time? -- Winners, Losers and Big Losers -- The Importance of Global Institutions in Mediating between the West and Asia -- The Post-War System -- How Does It Look Now? -- Global System Out of Touch -- Why Institutions at All? -- Endnotes -- Fight Terror from Moral High Ground -- Self-discipline -- Tolerance -- Mutual Respect -- Wanted: A New Strategy for Globalization -- Trends Portending Social Explosion Ahead -- The Elite Minority vs. The Abandoned Majority -- No End to Downsizing? -- The Disenfranchised Begin to See Their Chance -- Why Globalization Matters -- What Leaders Must Do -- Overcoming Fear and Suspicion -- Towards Globalism: Social Causes and Social Consequences -- Prelude -- Technology, Culture and Organisation -- The New Actors in the Great Game -- The Impact of Globalism and Internationalism -- The Political Consumer and the Political Enterprise -- Conclusion -- The Growing Challenge to Internationalism -- The Rise of Internationalism -- Internationalism's Losers -- The Ugly Internationalists -- Security Fears -- Terrorism and Immigration -- The Risk Ahead -- The Remodelling of Armed Forces: A Danish Perspective -- Territorial Defence Out, Intervention Abroad In -- The Army of the Future: A Danish View -- Armies Manned by Whom? -- Conclusion -- Endnotes -- The Future of Europe: Economic Internationalization, Cultural Decentralization, Soft Security Policy -- Part 2: Economic Globalization -- Asia Looks Forward: The Decline of the US Dollar -- Obama's Real Dilemma: To Kill Globalization or Not? -- WTO Negotiations Crash: What Now? -- Institutional Collapse? The End of Globalization.

Is the Sun Setting on US Dominance? Expect Asia to Replace the US as the World's Dominant Economic Force -- Asia to Follow Serfin' USA? -- How Has It Come to That? -- Post-Bali and Post-Kyoto: Who Shall Pay for Climate Change? -- Gale Warning, Global Burden Sharing -- The Prophet Muhammad Cartoon Episode and Implications for Europe-Muslim Relations: A Danish Perspective -- Introduction -- Europe's Search for Identity in Changed Circumstances -- Europe's Aspiration: Old Europe, New Europe or Another Europe? -- European Attitudes towards Muslims and the Challenge of Integrating Minorities -- Implications for Europe's Role in the World -- Image of the Western World after the Cartoon Case -- Whither European Values? -- Conclusion: Fundamentalism or Moderation? -- Endnotes -- A Nationalist United States of America -- Power in Today's World -- Changes in Power Creation -- Who Are the New Bene.ciaries? -- The Existing Political Structure -- The United States as Superpower -- Consequences for the United States -- Asia and Europe Must Step Up to Bat -- The New New Media, Inc. -- Endnotes -- New Economics Favour China and India -- A Vacuum in Strategic Thinking -- A New International System -- Interventionism -- Institutionalization -- Set of Values -- The Alternative -- The Coming World Governance -- Part 3: Economic Integration -- How the EU Saved the World -- The Resilience of the European Union -- ASEAN's Relations with the European Union: Obstacles and Opportunities -- Introduction -- Endeavours to Shape Genuine Cooperation -- Institutional Set Up -- The Vital Role of Stability -- The Asia-Europe Meeting (ASEM) Process -- The Future -- Conclusion -- Endnotes -- References -- Asia Has a Model in the Euro -- Integration - Yes or No? -- ASEAN Charter: A Significant Step in the Right Direction -- The Lure of a Single Market.

EU's Lessons for East Asian Integration -- Happy 50th, EU -- Towards an ASEAN Charter: Lessons from the European Union -- Main Principle of Economic Integration -- Impact of Globalization -- Clearly Defined Roadmap -- Decision-making Process and Institutions -- Building Trust -- Asean Can Become More Like the EU -- Closing Loopholes -- Reaching Out to the Public -- Template for Sino-Japan Peace -- Preventing Rearmament -- Toward a United Europe -- When the Empire Crumbles - The EU Steps In -- A Step-by-Step Process -- The Implications of Enlargement -- Needed Reforms to Accommodate Enlargement -- Four Pertinent Issues for the Future -- Endnote -- Part 4: Global Financing -- Hazardous Path Out of Crisis -- How to Save the Financial World -- Protectionism Goes Into Reverse -- Inflation Woes: Is the Global Economy in Need of Retooling? -- Slide in the US Dollar: What It Means for Asia -- Demand and Output -- Bailing Out Banks -- Another Looming Crisis: A Whistle-blower in Centro? -- Recovering from the Sub-Prime Debacle: The Coming Crisis -- Markets in Disarray? Don't Sweat Over the Fever, Cure the Disease -- Heed the Warning -- Tackling the Asymmetry in Financial Markets -- Unconventional Wisdom on Exchange Rates -- Warning: Financial Chaos Ahead -- The Holy Grail of Central Banking -- Leave the Yuan Alone -- Growth in Asia Propels US Stocks -- Endnote -- Part 5: Asia in the World -- Asia: The New Global Economic Powerhouse -- The US Economy -- US Imbalances, Economic Policy and the Role of Asia -- Asia Confronted with Rebalancing of the US Economy -- The Main Drivers Behind the Rise of Asia -- The Risk Factors -- Europe's Response -- Conclusion -- Endnotes -- Securing Peace in Asia for the Next 25 Years -- Dutch Way, Muslim Way -- Chance for Asia to Seize the Day -- Business Cycles -- Lack of Judgment -- China's Model -- Energy and the Environment.

The New Capitalism: Lessons for Asia? -- Whispers in the Wind -- Asian Currencies and Globalization -- The US Facing Asian Integration: A Policy Dilemma -- US Power? -- US Empire? -- Globalization? -- Asia Is Going to Institutionalize -- Conclusion -- Endnotes -- Globalisation Debate Threatens Asia -- Potholes and Pitfalls -- Unified Asian Voice Will Sound Louder on World Stage -- China and India: Rise of the New Global Powerhouses -- Threats to Asia's Stability - and a Potential Solution -- Foreword to Asia and Europe.