The document summarizes several global trends in higher education including massification, bureaucratization, marketization, diversification, and internationalization. It discusses challenges associated with each trend such as ensuring quality and equity with expansion, regulating private higher education involvement, coordinating different types of institutions, and balancing student flows with quality assurance in international programs. The document calls for actions from member states and UNESCO to address issues around funding, quality assurance, innovation, and international cooperation in higher education.