This paper re-reads a selection of critical interdisciplinary theories in an attempt to open a space in higher education for cross-cultural dialogue during the rise of Asia. Theories of globalization, deterritorialization, power/knowledge and postcolonialism indicate that students and academics have the ability to re-imagine and influence globalization processes in higher education. The current power effects of global discourses restrict the imaginaries and territories of globalization--leading to specific enactments in ways that prioritize western understandings of higher education. The paper argues for the need to explore hegemonic discursive formations of globalization to uncover processes of "othering" and the subjugation of knowledges. In this regard, a postcolonial perspective can help by opening up scenarios for the future of higher education in the Asian Century.