The paper aims to explore the relationship between globalization and education through an investigation of educational policy development in the specific context of the Asia Pacific. The paper's primary focus is on data collected from the World Bank, OECD, IMF and UNESCO to look primarily at three interrelated trends in education: increasing enrollments at all educational levels, issues of gender equality, and changes in public expenditure. In the paper, we argue that developments in education are increasingly impacted by a particular conception of globalization, which is illustrated in the overarching pressure of efficiency on educational aims. Although both efficiency and equality aims of education are present in recent policy developments in the Asia Pacific, the importance attached to education's capabilities of advancing human capital development have brought about a fundamental tension between two purposes of education: one relating to efficiency and one underlying education's potential to advance goals of access and equality. (Contains 2 tables and 1 note.)