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During the last two decades, internationalization of universities has appreciably increased with reference to scope, volume and complexity and it has been also considered as a worthwhile ‘business’ which involves gains for students, universities and other stakeholders. Taking into account the globalization process, internationalization of universities, impact of WTO control over higher education, insurability of quality standards for high ratings, this article discusses the challenges, opportunities and threats faced by Third World countries and presents Higher Education (HE) sector of Pakistan as a role model to overcome these challenges in a pragmatic manner. This paper does not present an empirical model based on data analysis, but highlights very significant facets of internationalization of universities, with a sanguine hope that captains of higher education institutions particularly from Third World Countries will ponder upon these aspects and would incorporate long term strategies to overcome the future threats in this arena.

Dr. Syed Gohar Abbas, , Muhammad Tariq Yousafzai, Amira Khattak. (2015) Internationalization of Universities: Challenges, Threats and Opportunities for Third World Countries, The Dialogue, Volume 10, Issue 4.
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