Departing from the usual ‘From the Editors' piece, Jamie Merisotis, President of the Institute for Higher Education Policy, and Jan Sadlak, Director of UNESCO‐CEPES, reflect on the content of this issue of the review. At the same time, they outline the essential developments affecting ranking systems and methodologies in higher education. These developments made up the main topic of the meeting jointly organized by the Institute for Higher Education Policy and UNESCO‐CEPES for the project “Higher Education Ranking Systems and Methodologies: How They Work, What They Do”, and held in Washington D.C., USA on 10–11 December 2004. Most of the articles presented in this issue relate to the context of the above‐mentioned meeting.