In rapidly globalizing systems of schooling around the world, economic considerations have led to a push to impose neoliberal reforms in the field of education. Under this influence early childhood education and teacher education in Asia have increasingly become positioned as regulated markets governed by neoliberal policies, leading to peak activities in privatization, consumerism, standardization and high-stakes testing. This article, based on a series of qualitative inquiries, presents a review of recent early childhood policies in India, China, Singapore, Sri Lanka and the Maldives. The impact of the policies on pedagogy is discussed within the frameworks of neoliberal globalization and postcolonial theory, emphasizing the growing need to recognize the third space of pedagogical hybridity in classrooms that are becoming increasingly multicultural and global. (author abstract)