Pamphlets for participatory budgeting processes in New York , a system that does back to ancient Greece. Daniel Latorre/Flickr

When citizens set the budget: lessons from ancient Greece

Politicians assume that voters cannot face the financial truth. To democracy experts this is just wrong. Involving voters results in better budgets as shows history from ancient Greece.
Māori businesses now account for an economic asset base of more than NZ$42.6 billion, made up mostly of small and medium-sized enterprises. Judith Lienert/Shutterstock

Strong sense of cultural identity drives boom in Māori business

Māori business is booming thanks to entrepreneurs with a strong sense of cultural identity and a willingness to take risks.
South African Reserve Bank Governor, Lesetja Kganyago, is expected to push the agenda of developing countries inside the IMF. Reuters/Mike Hutchings

Top job for South African gives African countries sway at the IMF

The governor of South Africa's Reserve Bank has been appointed to chair an important IMF committee. Countries in sub-Saharan Africa stand to benefit.
Steinhoff’s former CEO, Markus Jooste, is partly blamed for the corporate scandal that threatens to collapse the company. Financial Mail/Jeremy Glyn

Did Steinhoff’s board structure contribute to the scandal?

Gaps in the two tier board structure which is favoured in Europe may be partly responsible for the Steinhoff corporate scandal.
This year the Chinese Communist Party will tackle some of it’s biggest economic hurdles. AAP

What we can expect from China’s economy in 2018

The Chinese government will use its consolidated power to try to reign in some of the biggest problems facing its economy in 2018.
Give a man the means to borrow, so the argument goes, and he can work himself out of poverty. But do microfinances’ claims stand up? wk1003mike/Shutterstock

Does microfinance really alleviate poverty? The 34-billion-dollar question

Small loans from governments and philanthropists are often held up as a route out of poverty. But proper research into whether they work is thin on the ground.
Leonardo da Vinci’s Salvator Mundi recently sold for US$450 million. AAP

The economics of ridiculously expensive art

Research shows paintings aren't always good investments. Sky-high prices paid for high-end art are likely due to other factors.

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