Globalization as a transcultural phenomenon has been in existence for millennia, but there were certain historical phases of expansion that intensified intercontinental entanglements. Such periods of growing globalization have increased ever since the European discovery of the Americas some five-hundred years ago. Colonialism is one of the longest and most problematic chapters in the chronicle of globalization. In more recent times, new thrusts of globalization occurred after the end of World War II and after 1989 when the Berlin Wall came down, a historic event that symbolized the end of the Yalta division of Europe. In a study, titled “Globalization,” Roland Robertson2 has rightly shown that globalization enables us to experience the universal as something particular and the particular as something universal.