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A revised version of this paper was published in Singh, Daljit and Smith, Anthony (eds.), Southeast Asian Affairs 2001, Singapore: Institute for Southeast Asian Studies, 2001, pp 44-55. Abstract This paper examines recent foreign policy and the changing orientation to 'Asia' and 'Asian engagement'. It is argued that despite the general constraints faced by the policy-making elites of smaller powers in an era of 'globalization', policy matters. In this regard, recent policy under the Howarddoi:10.1355/seaa01c fatcat:flz2g7ymyrai7igxswdp6sq5h4