During the last two decades of the previous century and the first two of the current century, the world has witnessed, an amazing spectacle of unhindered trans-continental harmony in movement of goods, services, capital, ideas, technology and people from one end to the other. It is irrefutable that the whole world has reaped a mountain of benefits from this era of globalization. Developed countries explored new areas to shift labour intensive manufacturing jobs, which resulted in enormous cost savings and consequently more healthier bottom lines. Under developed and developing countries world over gained huge benefits of this surge in jobs and opportunities and managed to transform their countries to emerging economies. The new found middle class emerged in these beneficiaries and huge hitherto unheard-of numbers were hauled out of poverty. The undisputed champion to benefit from globalization has been China which has become the defacto manufacturing shop floor ...