It is now well recognized that the growth of the global economy has increased opportunities for those countries with good levels of education and vice versa. The benefits of globalisation accrue to the countries with highly skilled human capital and it is a curse for the countries without such specialized human capital. If educational institutions are to achieve higher quality and greater efficiency, governments will need to implement sweeping reforms in educational policy. It is a fact that macroeconomic reforms imply profound changes in the relationship between government and education and also considerable expansion of the private sector in education.

This book attempts to describe educational policy in the context of global economic reforms. It analyses the trends, opportunities and challenges in various fields of education in this rapidly changing society. It is hoped that this work will help the policy planners and academicians and educators to develop a sound and effective system of education for human development.