Not many scholars have noticed "globalization" as a thinking-horizon, and much less, begun engaging in its exploration. This book calls attention to this exciting dimension of globalization. Volume I is divided into "problems and prospects" and "cultural intercourse." The book presents concrete and specific problems and prospects kicked up by globalization including world economics of cancellation of debt of developing nations; Africa's problem of knowledge production; economic problems of foreign aids in Bangladesh; infusion of Taoism to Western therapy of anxiety and globalizing counseling paradigm. This book also presents unique perspectives on the causes and solutions to the problem of today's globalization.