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Nelson Mandela with his predecessor FW de Klerk. Tough questions are being raised about the compromises Mandela made for South Africa’s transition to democracy. Reuters/Peter Andrews

Why South Africa should undo Mandela’s economic deals

South Africa's transition into democracy involved compromises that left white privilege intact and black poverty undiminished. Here are a dozen of Mandela's economic deals that need to be undone.
Credit rating agencies often elicit criticism when they downgrade countries. EPA/Justine Lane

Q&A: why credit rating agencies matter for developing countries

Credit rating agencies have come in for a lot of flack. But the bottom line is that to attract investors with deep pockets countries can't avoid having a credit rating. And a good one at that.
Ed to Ed. Facundo Arrizabalaga/EPA

Labour bid to break from the past ignores the fiscal reality

Ed Miliband is trying to wrestle back the political initiative in Manchester. The leader of the opposition must avoid becoming mired in deeply complex constitutional questions of devolution at his party’s…

Scarcity leads to bad borrowing

Low-income individuals often focus on immediate expenses, making future expenses more difficult to meet. A Princeton University…

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