Bounding the Mekong: The Asian Development Bank, China, and Thailand


Bounding the Mekong: The Asian Development Bank, China, and Thailand
Bounding the Mekong: The Asian Development Bank, China, and Thailand by Jim Glassman

Transnational economic integration has been described by globalization boosters as a rising tide that will lift all boats, an opportunity for all participants to achieve greater prosperity through a combination of political cooperation and capitalist economic competition. The Asian Development Bank (ADB) has championed such rhetoric in promoting the integration of China, Southeast Asia's formerly socialist states, and Thailand into a regional project called the Greater Mekong Subregion (GMS). But while the GMS project is in fact hastening regional economic integration, Jim Glassman shows that the approach belies the ADB's idealized description of "win-win" outcomes. The process of "actually existing globalization" in the GMS does provide varied opportunities for different actors, but it is less a rising tide that lifts all boats than an uneven flood of transnational capitalist development whose outcomes are determined by intense class struggles, market competition, and regulatory battles.

Glassman makes the case for adopting a class-based approach to analysis of GMS development, regionalization, and actually existing globalization. First he analyzes the interests and actions of various Thai participants in G

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