This book summarizes the work of several Council for Asia-Europe Cooperation (CAEC) task forces and reviews the role of Asia-Europe cooperation in the contemporary world. Convinced that the most important rationale behind Asia-Europe cooperation is the shared interest in preventing a further deterioration of multilateralism and of international institutions, editor Karl Kaiser finds it crucial for the two regions to cooperate--in order to ensure that multilateral rules, regimes, and institutions remain the basis of the emerging world order. The book explores the specific roles of Asia and Europe in the twenty-first century and ways they can work together to avert crises, restore peace where necessary, and create a better structure of global governance.