What changed after "Peril and Promise"? An analysis of higher education in developing countries

“Peril and Promise” (Task Force, 2000) was published when higher education in developing countries was under great stress and strain. The sector received only peripheral reference in development discourses, no priority in resource allocations, and low returns on investments. The higher education sector in developing countries was growing slow and gross enrollment ratios (GERs) were low. This article attempts to analyze the transformation of the sector in the period after “Peril and Promise:” its revival; new forms of globalization; the move away from government funding and control and the ascent of private providers; the sector’s successful survival of severe global economic crises; and new forms of government and management.