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With the rapid rise of competitive space activities within Asia, this study examines the prospects for increasing international cooperation. After discussing relevant conceptual issues, it surveys the space policies particularly of China, India, Japan, and South Korea and examines the skewed patterns of cooperation seen at the international, regional, and bilateral levels. It then analyzes the historical, technology, and political factors that have impeded, especially regional, space cooperation in Asia to date. The study concludes that expanded regional space cooperation is an unlikely near-term outcome, but the paper also argues that the risks entailed in the current situation are growing and that US policy initiatives could make a difference in helping to lead countries out of this dead-end. [ABSTRACT FROM AUTHOR]