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This paper moves beyond a conceptualization of globalization as a top-down imposition of policy directions 'from above' to focus on the active two-way dynamics between global, national and local levels of policy processes. Arguably, the particular 'case' examined here of 'quality' policy is especially appropriate as quality policy and golbalization rose to prominence in educational discourses at roughly the same time during the 1990s, suggesting that the two may be intimately interconnected. An analysis of new quality policy in Australian higher education for the 2000s is used as a vehicle to explore the dynamic reciprocity of global-national-local interactions in policy processes as revealed through empirical evidence collected during interviews with members of the national Australian Universities' Quality Agency. The concluding discussion highlights a key meta-level theme of education policy transfer between countries and the potential for global policy convergence. [ABSTRACT FROM AUTHOR]