It does indeed. Just take a look at the new stories coming out about situations in the East and Middle East such as Kite Runner, The Namesake, and Reading Lolita in Tehran. Add to that the movies in theatres which deal with situations of the same kind. Bollywood, the Indian Hollywood is one of the biggest movie markets in the world (by far better than many Hollywood movies), and Independent Movie Makers are finally moving away from making movies in English, and they let all cultural aspects of their ethnic backgrounds take full action in their movies.
People are now more aware of similarities among cultures, instead of differences. This is because, though the Internet, and literature, we encounter so much information about the lifestyles of other cultures that our best choice is not to focus on whats different, but try to connect with what is alike.
It is a beautiful thing what Globalization can do, and it certainly can help us move forward towards the future.