The Observatory on borderless higher education Woburn House, 20-24 Tavistock Square, London WC1H 9HF United Kingdom Tel: +44 (0)20 7380 6743 Fax: +44 (0)20 7387 2655 www.obhe.ac.uk Higher Education as a Global Commodity: The Perils and Promises for Developing Countries February 2007 By Dr Rajani Naidoo, Director, Doctor of Business Administration in Higher Education Management, University of Bath, UK