Perspectives on Globalization of Higher Education : Opportunities and Challenges

Education is a continuous and creative process. It aims to develop the capacities latent in human nature and to co-ordinate their expression for the enrichment and progress of society, by equipping people with spiritual, moral and material knowledge. It is an absolutely basic necessity for an individual and national prosperity and development. It is widely recognized that a country that invests heavily in education for all its children is laying the foundations for long-term and sustainable growth. Thus education in terms of the knowledge, qualities, skills, attitudes, and capacities that enable individuals to become conscious subjects of their growth and active responsible participants in a systematic process of building a new world order. Among all forms of education, the higher education has an exceptional role in producing skilled manpower in various sectors of world economies.Higher education is one of the most important activities organized in modern societies. It creates a demanding but rewarding environment in which individuals may realize their creative and intellectual potential.