Higher education systems, policies and institutions are being transformed by globalisation, which is “the widening, deepening and speeding up of world wide interconnectedness”. Higher education was always more internationally open than most sectors because of its immersion in knowledge, which never showed much respect for juridical boundaries. Higher education has now become central to the changes sweeping through the OECD and emerging nations, in which worldwide networking and exchange are reshaping social, economic and cultural life. In global knowledge economies, higher education institutions are more important than ever as mediums for a wide range of cross-border relationships and continuous global flows of people, information, knowledge, technologies, products and financial capital. “Not all universities are (particularly) international, but all are subject to the same processes of globalisation – partly as objects, victims even, of these processes, but partly as subjects, or key agents, of globalization”. Even as they share in the reinvention of the world around them, higher education institutions, and the policies that produce and support them, are also being reinvented.