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asia policy number 11 • january 2011 Contents u special essay u rethinking the beijing consensus. . . . . . . . . . . . . . . . . . . . 1 Yasheng Huang This essay examines whether or not there is a policy shift underway in China from free markets toward state capitalism. u articles u complex patchworks: u.s. alliances as part of asia’s regional architecture . . . . . . . . . . . . 27 Victor D. Cha This article examines the significant role of existing U.S. bilateral alliances in the complex interplay of emerging regional security architectures in Asia. asia’s complex strategic environment: nuclear multipolarity and other dangers . . . . . . . . . . 51 Christopher P. Twomey This article evaluates the implications of nuclear multipolarity and strategic complexity in Asia. the asian monetary fund reborn? implications of chiang mai initiative multilateralization . . . . . . . . . . . 79 William W. Grimes This article analyzes the current implications and likely future course of Chiang Mai Initiative Multilateralization, which some observers have argued is a major step toward the creation of an Asian monetary fund that would be fully autonomous from the IMF. the militant challenge in pakistan . . . . . . . . . . . . . . . 105 C. Christine Fair This article examines Pakistan’s use of asymmetric warfare as an instrument of foreign policy toward India since 1947 and in Afghanistan since the 1960s. u book review section u review essay when sleeping giants awaken: china and india in the new world order. . . . . . . . . . . . 139 Sourabh Gupta A review of • Pranab Bardhan, Awakening Giants, Feet of Clay: Assessing the Economic Rise of China and India • Wendy Dobson, Gravity Shift: How Asia’s New Economic Powerhouses Will Shape the 21st Century • Prem Shankar Jha, Crouching Dragon, Hidden Tiger: Can China and India Dominate the West? • Shalendra D. Sharma, China and India in the Age of Globalization reviews how development economics can become 70% more effective . . . . . . . . . . . . . . . . . . . 148 Robert H. Wade A review of • Terutomo Ozawa, The Rise of Asia: The “Flying-Geese” Theory of Tandem Growth and Regional Agglomeration frictions and outcomes between the state and civil society in locating “public bads” . . . . . . . . . . . . . . . . . 152 Mike Danaher A review of • Daniel P. Aldrich, Site Fights: Divisive Facilities and Civil Society in Japan and the West rethinking china’s strategy in asia and beyond: can we all get it right? . . . . . . . . . . . . . . . . . . . . . . . . . 156 Andrew Scobell A review of • Gilbert Rozman, Chinese Strategic Thought toward Asia will china eat our lunch? . . . . . . . . . . . . . . . . . . . . . . . 160 Richard P. Appelbaum A review of • Denis Fred Simon and Cong Cao, China’s Emerging Technological Edge: Assessing the Role of High-End Talent university autonomy and the state: the official story . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165 Yi Shang A review of • Su-Yan Pan, University Autonomy, the State, and Social Change in China crossing the international relations–comparative politics divide in analyzing cross-strait relations. . .169 Douglas Fuller A review of • Scott L. Kastner, Political Conflict and Economic Interdependence Across the Taiwan Strait and Beyond comparative study of politics in pakistan and bangladesh: an insightful analysis . . . . . . . . . . . . . . . 174 Nadeem Malik A review of • William B. Milam, Bangladesh and Pakistan: Flirting with Failure in South Asia why the next asian tiger remains a cub . . . . . . . . . . . . 178 Alexander L. Vuving A review of • Lan Nguyen, Guerilla Capitalism: The State in the Market in Vietnam asia poli