The Portuguese arrival in India marked the beginning of the age of modern globalization that has been sustained until very recently in conditions that were favourable for the western domination of the globe. Adam Smith analyzed the origin of the wealth of nations in pre-Gamic and post-Gamic eras. It is presently experiencing tremors that were predicted by Andre Gunder Frank in his ReOrient, which the bulk of the western sociologists and economists sought to ignore. For Gunder Frank the past five centuries saw an ephemeral rise of the West, exploring and exploiting the pre-existent markets of China and India. He saw these making a comeback.