Regionalism, and more generally multilateralism, is commanding considerable attention in the policy and intellectual communities. In the security domain, this interest can be traced to a number of developments. One is the regionalization of international security brought about by the dramatic change in the dynamics of the international political system. In the absence of a new overarching and overriding global-level security dynamic, domestic, bilateral and regional dynamics have become more salient and have to be addressed in their own terms. It is now much more necessary and possible, for example, to discuss security in Asia, Europe, Latin America, Africa, and the Middle East in regional and sub-regional contexts, quite independent of a global dynamic or developments in other regions. While the interests and linkages arising from the involvement of external powers must still be taken into account, the context is qualitatively different from the Cold War era, when the dynamics of the superpower conflict permeated and in many cases subsumed the local dynamics of conflicts.
