ASEAN and the Asian crisis: theoretical implications and practical consequences for Southeast Asian regionalism

The following article joins the debate about the theoretical and empirical implications of the Asian crisis on Southeast Asian regionalism. It argues that the realist-institutionalist dichotomy does not provide a fruitful framework of analysis. ASEAN policies are characterized by a policy mix, albeit one that is influenced by a strong dose of realism - a tendency that has been exacerbated by the Asian crisis. The crisis has thrown ASEAN's collective identity into deep disarray - and thus also questions constructivist approaches. Departing from these theoretical issues the article traces ASEAN responses to the crisis in three key areas: economic cooperation, enlargement and values. The article concludes with a few lessons for regionalism which may be derived from the Asian crisis.