This book critically examines some of the major trends in the development of higher education. It demonstrates how in the context of liberalisation, globalisation and marketisation, the crisis in higher education has assumed different dimensions in all advanced and emerging societies. The author shows how state tends to slowly withdraw from the responsibility of higher education, including in the arena of policy making, or simply adopts a policy of laissez-faire which helps in the rapid unbridled growth of private sector in higher education.