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Developments in South Asia in the areas of democracy, political economy and security in the post-Cold war era are intriguing and raise questions about whether the region is on the road to a transformation. Combining theoretical insights and empirical analysis on the region's post-Cold War dynamics, Bhumitra Chakma investigates whether South Asia is moving from being a space of conflict to one of cooperation and peace. He scrutinizes the state of democracy and political economy in three major states - India, Pakistan and Bangladesh - and examines several key issue areas, including nuclear weapons, the Afghan war, human security, the South Asian Association for Regional Cooperation and India-Pakistan relations.