This document discusses the concepts of internationalization and globalization in higher education. It defines internationalization as integrating an international dimension into higher education institutions and their functions, while globalization refers to broader economic and social forces that internationalization aims to respond to. The document outlines debates around whether internationalization risks commodifying education and presents different views on universities' role in preparing students for a globalized world. It also explores trends in higher education like growing private institutions, rising student demand internationally, and challenges in balancing different stakeholder needs. The future is uncertain but may involve increased competition and new models of transnational education.