Every year, nearly three million international students study outside of their home countries, a 40 percent increase since 1999. Newly created or expanded universities in China, India and Saudi Arabia are now competing with European and North American academic institutions for faculty, students, and research preeminence. Meanwhile, satellite campuses of Western universities are springing up from Abu Dhabi and Singapore to South Africa. How is international competition for the brightest minds transforming the world of higher education? While some university and government officials see the rise of worldwide academic competition as a threat, Ben Wildavsky argues that the increased international mobility of students and cross-border expansion of higher education is creating a new global meritocracy, one in which the spread of knowledge benefits everyone--both educationally and economically.