DefinePK

Abstract

The worldwide knowledge economy refers to Globalization, which exceeds the marketplaces for things and finance into marketplaces for technology, a novelty in finance and knowledge workforces. These intellectual assets in the information era are becoming rapidly competitive, and the function of education is observed very strictly. The sophistication of educational procedure and the prominence of education to everyone has enhanced the distinction and test of valuation. The role played by higher education in different parts of the world differs due to their system’s history, traditional features, structure and liabilities of their faculty, their experiences, participation and pupils’ characteristics. There is a great force for intense scrutiny of education, specifically within the nations. International actions also amend education techniques; traditionally, states did not help to provide explanations of numerous worldly developments and variations in higher education. Market concerned with restructuring in the field of education resounding a swing from the welfare state to a performative state. Globalization has utmost, similar, and very long-lasting effects on Pakistan, its society, its thinking process and its ideology as the rest of the world is undergone recently. This Globalization also has put eminent out-turns on the educational system of Pakistan. On the one hand, this wave of Globalization, with the help of information technology, has created higher education in Pakistan as netting of knowledge; on the other hand, it has changed the shape of the previously prevailing higher education system, on account of Neoliberal developments.