Whatever may be the perception, the evidence about the more recent trends of globalization indicates that it is more inherently a Western rather than a universal phenomenon. This is perhaps because globalization in all aspects of its manifestations has remained essentially a "form of cultural capital that does of itself but operates through other economic and political elites" (Ashcroft et. al 2000). Significantly, although the production and dissemination of knowledge across borders is designed to facilitate the inter-penetration of global and local socio-cultural processes, its...