In advanced countries, universities are devising global strategies to attract foreign students and expand their reach, including overseas campuses, joint-venture partnerships and cross-border online education. Meanwhile, in developing countries, policymakers are racing to produce world-class institutions to increase economic competitiveness. China and India in particular are strongly investing in education: Asia is already producing twice as many engineers as America and Europe together. The paradox of the economic boom in many industrializing countries, however, is that it has benefited a super-elite most of all. In the last few decades, many of the most classless societies in the global South have become increasingly polarized between the world's richest and poorest citizens. This edited volume focuses on the rapid growth of emerging economies in the context of globalization and education, examining how universities are contributing to these trends, and outlining the role that higher education should play in a globalizing world.