Quality higher education has assumed a pivotal role in a fast changing world which has become more competitive and dynamic in the twenty first Century. University education plays perhaps the most important role in the development of any nation. It is a critical component of human development in any advanced society. It provides not only the level of skill necessary for the entire labour market but also the tools and ideas that lead to the development of a modern, civilized society. The GDP of advanced societies is directly related to the number of advanced training institutions and universities they have – and the greatest nations on earth have only attained their status among the commuity of nations through their advanced and skilled manpower. The number of teachers, doctors, engineers, technicians, healthcare professionals, artists, humanists, entrepreneurs, scientists, and traders that universities generate leads to the development of the economy as a whole. It is these qualified people in a nation who generate the capacity and capability that drive the economies, support civil society, lead effective governments, and make important decisions which affect entire generations.