Vol. 5, Issue 1 (2020)
A well developed and equitable system of higher education that promotes quality learning as a consequence of both teaching and research is central for success in emerging knowledge economy. It is widely acknowledged that education contributes significantly to economic development. The developed world understood much earlier the fact that individuals with higher education have an edge over their counterparts. They are the ones who always believed that any amount of investment in higher education was justifiable. It is, therefore, imperative for developing countries too, to give due importance to both the quantitative and qualitative expansion of higher education. The role of higher education is not limited to fostering the economic development of nations and providing opportunities for individuals, it extends also to promotion of cultural diversity, political democracy and trade. Emphasis is highly placed on how higher education can better serve society and promote international cooperation.
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