We have entered into the second decade of the 21st century, where the world is taking a new turn. The Post-Cold War euphoria with globalisation has now almost faded with a country like the USA under the Presidentship of Mr. Donald Trump is calling for economic protectionism. There is a realisation that globalisation has failed to deliver on its promises, the foremost amongst them was of prosperous and egalitarian world order. Remember, Francis Fukuyama, termed the collapse of the Soviet Union as the end of history. Interestingly, after Mr. Donald Trump won the US Presidential election in 2016 on the agenda of ‘America First’, the neo-liberal magazine The Economist in its editorial said, “history is back with a vengeance”. Mr. Trump is opposed to globalisation, and he started imposing high tariffs on import, thereby, giving an advantage to domestic industries. Mr. Trump is critical of the World Trade Organization (WTO), and the present economic outlook of the US...