Asian Economic Crisis in the late 1990s renewed debates on the validity and sustainability of the East Asian developmentalist model and authoritarian systems of governance. This paper is a reflective analysis on the linkages among the state, development strategy, domestic governance and foreign policies in East and Southeast Asian nations in the context of the evolving economic crisis. A special attention was given in the process to explore what is the new developmental logic that is required for overcoming the crisis and sustaining long-term economic development and social harmony in Asia. The analysis confirmed that parts of the problems that led several Asian countries to virtual economic meltdowns stemmed from the limits of the East Asian developmental states and attendant policy consequences, although one cannot dismiss other intervening factors such as the changes in external market conditions and geopolitical settings. The analysis also underlined the primacy of deepening democracy and good governance as the keys to the real economic remedies, long-term economic development and social prosperity of the post-crisis Asia. It is premature to say that the post-crisis Asia will abandon the current mode of state-centric neo-Confucian industrialism, and turn to an alternative development paradigm such as the liberal market capitalism. East Asian observers say that the strong state may well remain for long, as the idea is embedded in the centuries-old history and culture of Asia. However, post-crisis states and societies in Asia are being pressed for more democracy and new strategies for balanced national development. In consequences, the developmental states in Asia are called to redefine their roles, conforming to the norms and requirements for strengthening civil society and responding more effectively to citizen initiatives. At the interface of the economic globalization and changed geopolitical settings after the demise of the Cold War, East Asian countries also need to forge a new framework for regional and global cooperation schemes, going beyond the idea of economic nationalism that pits one nation against another. The existing bodies of regional and subregional cooperative arrangements in Asia underpin intra-regional rivalry and competition among major regional powers. Regional cooperation in the post-crisis, post-Cold War Asia should be grounded more firmly on the principle of common humanity and true sense of reciprocity.