Since publication of the first edition of this book, the social, political and economic landscape of South-East Asia has changed dramatically. In only a relatively short period, the region has experienced economic boom followed by economic bust, accompanied by severe political upheaval. This second edition thoroughly revises and updates the first in its attempt to address recent events and the way in which they are interpreted by political economists. The authors explain the dramatic changes under way in South-East Asia through a particular understanding of the inseparability of economic and political processes. Within this framework, they examine such developments as the overthrow of Soeharto, the problems of corruption and money politics, and the 1997-98 financial crises. These are explained as part of a continuing process of conflict among contending interests attempting either to forge new regimes or preserve old ones. The latest crises are viewed as part of the broad sweep of ongoing capitalist revolutions across the region. Featuring both new and fully revised chapters, this is a dynamic and timely text.