Erasmus Mundus (EM) is a co-operation and mobility programme in the field of higher education for:
The enhancement of quality in European higher education
The promotion of European Union as a centre of excellence in learning around the world
The promotion of intercultural understanding through co-operation with Third-countries as well as for the development of the Third Countries in the field of higher education
The programme continues and extends the scope of the activities already launched during its first phase (2004-2008) and includes the EM External Cooperation Window. New aspects of Erasmus Mundus (2009-2013)
Extends the coverage to include doctoral level studies. Erasmus Mundus (2004-2008) scheme was aimed at Master's level only.
Provides higher grants to European students so they are ensured fair treatment vis-a-vis third-country students.
Integrates the so-called "Erasmus Mundus External Cooperation Window" (EM ECW) under the "Erasmus Mundus" umbrella in order to offer a more homogeneous and visible image of European higher education to the world. The aim of this action is to promote understanding and mutual enrichment between the European Union and third countries in the field of higher education by promoting the exchange of persons, knowledge and skills at higher education level, and particularly 'Erasmus'-style mobility (a study period abroad which forms part of a degree at home).
Encourages third-country higher education institutions to participate as full members in the consortia and eventually to deliver the joint degree course at home.