As knowledge becomes more important, so does teaching. Countries have to educate more of their youngsters to the next standard. A Professional degree is now a basic qualification for several skilled jobs. The standard of data generated within professional institutions, and its availability to the broader economy, is becoming increasingly critical to national competitiveness. This poses a heavy challenge to the developing world. The Task Force on educational activity and Society was convened by the World Bank and UNESCO in 2000 to assemble experts from various countries with the aim of exploring the long run of Higher education in the growing economic world. After a long period supported research and intensive discussion and hearings, the Task Force observed that, without more and better educational activity, developing countries will find it very difficult to learn from the worldwide knowledge based economy. Since the 1980s, many national governments and international donors have assigned instruction with a comparatively low priority. As a result, teaching systems in developing countries are under great strain. They chronically underfunded, but face escalating demand-approximately half of today’s educational activity in the developing world. Students are poorly taught and curriculum is underdeveloped. Quite simply, many developing countries will have to work much harder just to keep up their position, including catch up”. A well developed educational activity sector allows countries to get new knowledge domain, to wisely select and implement existing technologies, and to effectively adapt them to local circumstances. To realize these tasks, instruction science and technology badly needs more investment and more efficient allocation of existing resources. The rising aspirations of the people within the developing countries clamour for development. The present research work is a contribution to the development of Higher education development of the developing countries.

Keywords: Higher Education, Research, Initiatives, Economic, Society, Underfunded, Escalating.