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Countries are increasingly being ranked by some new "mashup index of development," defined as a composite index for which existing theory and practice provides little or no guidance to its design. Thus the index has an unusually large number of moving parts, which the producer is essentially free to set. The parsimony of these indices is often appealing - collapsing multiple dimensions into just one, yielding unambiguous country rankings, and possibly reducing concerns about measurement errors in the component series. But the meaning, interpretation and robustness of these indices are often unclear. If they are to be properly understood and used, more attention needs to be given to their conceptual foundations, the tradeoffs they embody, the contextual factors relevant to country performance, and the sensitivity of the implied rankings to changing the data and weights. In short, clearer warning signs are needed for users. But even then, nagging doubts remain about the value-added of mashup indices, and their policy relevance, relative to the "dashboard" alternative of monitoring the components separately. Future progress in devising useful new composite indices of development will require that theory catches up with measurement practice.

Agriculture --- Air pollution --- Competitive markets --- Decision making --- Development policy --- Economic competitiveness --- Economic resources --- Economic Theory & Research --- GDP --- GDP per capita --- Governance --- Governance Indicators --- Income --- Inflation rate --- Information and Communication Technologies --- Information Security & Privacy --- Living standards --- Macroeconomics and Economic Growth --- National income --- Poverty Reduction --- Property rights --- Purchasing power --- Regional Economic Development --- Rural Poverty Reduction --- Shadow prices --- Tradeoffs --- Unemployment --- Unemployment rate --- Wealth

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In the years following its near-bankruptcy in 1976 until the end of the 1980s, New York City came to epitomize the debt-driven, deal-oriented, economic boom of the Reagan era. Exploring the interplay between social structural change and political power during this period, John Mollenkopf asks why a city with a large minority population and a long tradition of liberalism elected a conservative mayor who promoted real-estate development and belittled minority activists. Through a careful analysis of voting patterns, political strategies of various interest groups, and policy trends, he explains how Mayor Edward Koch created a powerful political coalition and why it ultimately failed.

Koch, Ed, --- New York (N.Y.) --- Politics and government --- AIDS epidemic. --- American Express. --- Bear Stearns. --- Bedford-Stuyvesant. --- Bronx. --- Canarsie. --- Charter Revision Commission. --- Citizens Budget Commission. --- Dominicans. --- East Harlem. --- Fire Department. --- Harlem. --- Helmsley Palace. --- Jamaicans. --- Latinos. --- accommodation. --- accounting firms. --- advertising agencies. --- antipoverty programs. --- antiwar movement. --- appointments. --- baby boom professionals. --- back-office operations. --- black mayors. --- blue-collar workers. --- building codes. --- campaign financing. --- campaign spending. --- central business districts. --- citizenship. --- community corporations. --- conservatives. --- death penalty. --- debt or borrowing. --- deindustrialization. --- development. --- economic competitiveness. --- education. --- electoral exclusion theory. --- ethnic competition. --- feminists. --- foundations. --- freight transport. --- garment industry. --- gentrification. --- governing coalition. --- homeless. --- imperatives. --- inequalities. --- intergovernmental transfers. --- judicial appointments. --- labor costs. --- labor force participation. --- land-use regulation. --- law firms and lawyers. --- loft-manufacturing areas. --- machine politics.