Acknowledging how the contemporary strategic context is increasingly defined by the rapid growth of major economies as well as the swiftly expanding interest being evinced in the region, this detailed analysis investigates the perceptible shift in power to the Asian continent. Outlining the underlying concerns regarding peace and security in 21st-century Asia, this assessment investigates how each of the important external actors are responding to these developments. Vital questions are explored, such as How are the processes of globalization, economic interdependence, and diffusion of technologies shaping the Asian strategic context? What does the "Rise of Asia" mean for global peace? What are the common threats and challenges? and What are the prospects of fostering cooperative state behavior in confronting the transnational threats? Penned by renowned experts in the field, this definitive volume discusses a wide variety of contemporary issues predominant in the Far East.