The term university covers a wide range of institutions. In time, this diversity could narrow down to two main types of universities: a local model, with institutes and Bachelor degrees related to regional development; a global model, including prototypes such as Harvard or Oxford, and emerging players in Europe or China. These world-class universities can be seen as a new type of universal power. Beyond its graduating activities, the world-class university also exerts a power of knowledge, one that determines global development, ethics and norms. Furthermore, it enjoys an increasingly independent autonomous political power, a new, global magisterium.