Higher education refers to tertiary education or the post-secondary education where the students are awarded a degree, diploma or certificate of completion of higher studies at the end of a course of study. The formal system of post-secondary education or higher education includes public and private universities, colleges, technical training institutes and vocational schools. Higher education plays an instrumental role in fostering growth, reducing poverty and boosting shared prosperity. A highly skilled workforce is indispensable for innovation leading to the growth of a nation. Higher education results in the development of skills, which increases employability and productivity. This book explores the role of higher education in the past, present and future. It presents this complex subject in the most comprehensible and easy to understand language. Researchers, policy makers and professionals all associated with the field of higher education will benefit alike from this book.