Knowledge has no boundaries. These days world is fast marching towards Knowledge society and or information society. The 20th century’s unprecedented gains in advancing human development and eradicating poverty came largely from technological breakthroughs. As a logical progress, in 21^st century we are marching towards this knowledge/information society.

Consensus is emerging among policy makers and economists that at least half, if not more, of th economic growth in countries is directly attributable to science and technology. This growth of science comes from research and development comes from educational institutions,mainly universities.

A university is an institution of education and research which grants academic degrees in a variety of subjects and provides both undergraduate education and postgraduate education. The word “university” is derived from the Latin universitas magistrorum et scholarium, which roughly means “community of teachers and scholars.”

In a globalizing, knowledge driven world with increasing importance of service industries and technological competitiveness, this contribution can only become higher. We are moving towards the dictum of Science for policy and Policy for Science.Online learning is an effective tool in this march. In fact,Development is about expanding the choices people have to lead lives that they value.But, two thirds of the world population lives in conditions of relative to complete deprivation.What choices do they have?Online learning give people this choice in a cost effective way as almost everyone in today’s world have access to online learning through this awesome technology.

Information society is a society in which information is a good that one can exchange, buy, sell, store, transport, process. The society of the digital divide. Knowledge society is a human society, in which knowledge should bring justice, solidarity, democracy, peace etc. A society in winch knowledge could be a force for changing society. A society which should provide universal and equitable access to information.

Ours is the age of transnational organizations, virtual and online entities.Transnational higher education provision increased dramatically right around the globe. These entities, mostly universities sometimes defy national boundaries. They carry information and knowledge across the globe. A shortage of skilled teachers and faulty links between the higher education market and the job market is one of the many important reasons for low quality higher education, which pushed students of developing countries to look at overseas universities.

There are new experiments in field of education these days like University of People , a Free university.UoPeople strives to serve the vast numbers of students who have no access to traditional higher education. Some can’t afford it, or they live in countries where there are simply no good colleges to attend. Others live in rural areas, or identify with a culture, an ethnicity, or a gender that is excluded from public services.UoPeople students pay an application fee of between $10 and $50 and must have a high-school diploma and be proficient in English. There are also small fees for grading final exams. Otherwise, it’s free.

The university takes advantage of the growing body of free, open-access resources available online.UoPeople relies heavily on peer-to-peer learning that takes place within a highly structured curriculum developed in part by volunteers. The university plans to award associate and bachelor’s degrees, and it is now seeking American accreditation.

It is evident that transnational higher education is playing a large role in the economic, cultural and social development of countries.However, critics of transnational higher education argue that it can be seen as the neo-colonialism which benefis the providers much more than the receivers. But it can not be denied that these universities help to raise the standard to international levels.Efforts to build knowledge societies  offer real hope of seeing truly open societies.

There is need explore problems and challenges faced by developing countries on the path of transforming their traditional societies to highly developed knowledge societies. To Fullfil the aim of the study an attempt has been made to analyse the types of transnational institutions, campuses and universities in different countries; to examine the real impact on these universities/ institutions on the educational status of developing countries; to measure to what extent trans-national unversities / campus are beneficial for the students those want to study abroad; to evaluate which operational model of international universities is most appropriate for less developed countries.

Many websites offer online education like this blog. The students can prepare online for entrance exams like cat exam 2016 and UGC-JRF and IAS.