More specific objectives of this book are to: (1) discuss the developments of macroeconomic and trade policy mix against the backdrop of the eurozone sovereign debt crisis and economic prospects, (2) assess the effectiveness of policy responses to the global economic unrest, (3) identify opportunities and challenges facing Southeast Asia in the midst of the global economic slump, (4) rethink the East Asian model of growth where enormous gains were driven principally by export demands from advances economies, and (5) pioneer the key areas of regional cooperation and macroeconomic and trade policy reforms that may potentially strengthen regional economies.