This document discusses globalization and higher education trends in Asia and America. It notes that Asian countries have greatly increased investments in universities, leading to growing international demand for Asian education. This is in contrast to challenges facing American higher education, including rising costs outpacing inflation, less college-prepared students, and questions around curriculum relevancy. However, the document suggests that America could adopt principles from high-performing Asian countries, such as affordable public university subsidies, curricular reform emphasizing skills, and preparation programs to better equip students. Increased global cooperation and mobility of students and ideas are also presented as important for innovation.