Besides analysing the various contours of financing of higher education, the book brings into sharp focus the likely impact of privatization and marketization of higher education with particular reference to access, efficiency and equity in the system. It also discusses implications of globalization and internationalization on higher education. The book is expected to help academic community, educational planners and administrators to work out strategies to promote private participation, in view of the continuing resource crunch the university system is facing. It also deals with the challenges posed by globalization and internationalization of higher education.