The twenty-first century momentum of globalization is markedly different from the twentieth century globalization (a new geography of trade, weaker hegemony, and growing multipolarity) and presents major questions. Is the rise of east asia, china and india just another episode in the rise and decline of nations, another reshuffling of capitalism, a relocation of accumulation centers without affecting the logics of accumulation? does it advance, sustain or halt neoliberalism? the rise of asia is codependent with neoliberal globalization and yet unfolds outside the neoliberal mold. What is the relationship between zones of accumulation and modes of regulation? what are the ramifications for the global inequality? what does sociology contribute to this question?.