Higher education drives and is driven by globalisation. It trains the highly skilled workers and contributes to the research base and capacity for innovation that determine competitiveness in the knowledge-based global economy. It facilitates international collaboration and cross-cultural exchange. Cross-border flows of ideas, students, faculty and financing, coupled with developments in information and communication technology, are changing the environment where higher education institutions function. Co-operation and competition are intensifying simultaneously under the growing influence of market forces and the emergence of new players. How will global higher education evolve over the next 20 years? How can governments and institutions meet the challenges and make the most of the opportunities?