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.