This article examines the extent to which the development of multilate
ral institutions in the Asia-Pacific region may be viewed as an exerci
se in identity-building. It argues that institution-building in this r
egion is more of a 'process-orientated' phenomenon, rather than simply
being an outcome of structural changes in the international system (s
uch as the decline of American hegemony). The process combines univers
al principles of multilateralism with some of the relatively distinct
modes of socialization prevailing in the region. Crucial to the proces
s have been the adaptation of four ideas: 'cooperative security', 'ope
n regionalism', 'soft regionalism', and 'flexible consensus'. The cons
truction of a regional identity, which may be termed the 'Asia-Pacific
Way' has also been facilitated by the avoidance of institutional gran
d designs and the adoption of a consensual and cautious approach extra
polated from the 'ASEAN Way'. The final section of the article examine
s the limitations and dangers of the Asia-Pacific Way. It concludes wi
th the assertion that while the Asia-Pacific Way is an over-generalise
d, instrumental, and pragmatic approach to regional cooperation, and t
here remain significant barriers to the development of a collective re
gional identity that is constitutive of the interests of the actors, i
t has helped introduce the concept and practice of multilateralism int
o a previously sceptical region and might have 'bought' enough time an
d space for regional actors to adapt to the demands of multilateralism
.