Despite rapid growth in higher education around the world, many challenges remain, including in expanding and promoting equitable access, improving learning achievement, fostering educational quality for relevance, strengthening knowledge generation and technology transfer, and encouraging desired values, behaviors, and attitudes.
Higher education refers to all post-secondary education, including but not limited to universities. In recent years, a diverse and growing set of public and private tertiary institutions in every country—colleges, technical training institutes, community colleges, nursing schools, research laboratories, centers of excellence, distance learning centers, and many more—form a network of institutions that prepare students for application of knowledge at an advanced level.
World Bank Group (WBG) research shows that globally, the rates of return for graduates of tertiary education are the highest in the entire educational system—an average 17 percent increase in earnings.
Good quality institutions, diversified options, and relevant, equitable and efficient tertiary education and research are key to ending extreme poverty and advancing economic growth.
Last Updated: Dec 21, 2015