The document discusses the rise of the molecular economy and its legal challenges in Asia. It defines the molecular economy as involving greater scientific understanding of molecules that control biological functions and super-miniaturized manufacturing. Asia is on the cutting edge of technologies like cloning. The convergence of biotechnology and nanotechnology has significant implications for law. Key legal issues for Asia include regulating these new technologies appropriately while allowing innovation, and determining how to assess and manage risks at international and regional levels.