Exploring one of the most dynamic and contested regions of the world, this series includes works on political, economic, cultural, and social changes in modern and contemporary Asia and the Pacific.

David Shambaugh, a leading international authority on Chinese strategic and military affairs, offers the most comprehensive and insightful assessment to date of the Chinese military. The result of a decade's research, Modernizing China's Military comes at a crucial moment in history, one when international attention is increasingly focused on the rise of Chinese military power. Basing his analysis on an unprecedented use of Chinese military publications and interviews with People's Liberation Army (PLA) officers, Shambaugh addresses important questions about Chinese strategic intentions and military capabilities--questions that are of key concern for government policymakers as well as strategic analysts and a concerned public.

The potentially rich energy resources of the Caspian region have proved to be a tantalizing magnet for nations, oil companies and investors, and this prospective oil bonanza has prompted intense media coverage. As nations continually search for new supplies to replace those barrels of oil that are being depleted, Caspian oil assumes significance because of its high quality and export potential. How far will this potential be realized, and to what extent will these resources become a substitute for Gulf oil? In this volume, a number of researchers and experts discuss the various dimensions of Caspian oil, including: its attractions; the rationale and scope for foreign investment; the complexities of the region's legal environment; contentious pipeline issues; regional political trends; and the economic impact of Caspian oil on oil producers from the Arab Gulf countries and the world market. Given the limits in the opportunities of developing means to exploit Caspian oil, studies suggest that there is little prospect of serious competition to Gulf oil and that the market control of the Arab Gulf producers may be relatively unaffected in the short or medium term. However, Caspian oil will be a significant addition to non-OPEC output and may eventually threaten the predominant position of Gulf oil, unless regional oil producers adopt more market-oriented economic investment and pricing policies.

The political economy of Azerbaijan has been interlinked in the internal and external relations of the country. This is exit for energy policy. It explains the qualitative socio-historical and political leap forward, referring to the efforts of President Heydar Aliyev, who signed the PSA with transnational energy corporations in 1994. According to this publication, the construction of multiple oil and gas pipelines represents the success of Azerbaijan’s independent energy policy. Azerbaijan as a Regional Economic Driver: Opportunities and Challenges emphasises leading sectors of Azerbaijan’s economy such as transport, construction, agriculture, information and communications technology, tourism and banking. It is noteworthy that the book refers to ‘Azerbaijan 2020’ when explaining the country’s policy to transform itself from an energy-based economy to a knowledge-based one. This publication serves to recognise Azerbaijan as a reliable partner in international relations. It also scrutinises advantages and disadvantages of trade-off between strategic choices oriented to the European Union and/or the Eurasian Union.

This timely study is the first to examine the relationship between competition for energy resources and the propensity for conflict in the Caspian region. Taking the discussion well beyond issues of pipeline politics and the significance of Caspian oil and gas to the global market, the book offers significant new findings concerning the impact of energy wealth on the political life and economies of Azerbaijan, Kazakhstan, and Turkmenistan. The contributors, a leading group of scholars and policymakers, explore the differing interests of ruling elites, the political opposition, and minority ethnic and religious groups region-wide. Placing Caspian development in the broader international relations context, the book assesses the ways in which Russia, China, Iran, and Turkey are fighting to protect their interests in the newly independent states and how competition for production contracts and pipeline routes influences regional security. Specific chapters also link regional issues to central questions of international politics and to theoretical debates over the role of energy wealth in political and economic development worldwide. Woven throughout the implications for U.S. policy, giving the book wide appeal to policymakers, corporate executives, energy analysts, and scholars alike.