In Utah State degree program in Asia, "lead professors" (from Utah) design the course work and assign the grade, but "local facilitators" (from partner universities) deliver much of the course content.
Technology is changing higher education in more ways than can be counted. Distance education has become common. Leading universities are putting course materials or even entire courses online -- free. The Obama plan for community colleges envisions free online courses that could be used nationwide. Curtis J. Bonk, a professor of instructional systems technology at Indiana University, surveys this landscape in The World Is Open: How Web Technology is Revolutionizing Education (Jossey-Bass).
U. of Southern California's online master's in teaching, designed to "scale up" the production of instructors, enrolls 450 students in first 6 months -- more than four times the number in its on-campus program.