Irrational Exuberance

November 2007 | Ratings Update

Governments have sought to use the country's wealth to maximise human development, a prime example of this being the widely admired campaign against HIV/AIDS. At the same time, leaders have worried about creating a culture of dependence on state handouts. Primary and secondary tuition fees were abolished in the 1980s but the current administration reintroduced parental contributions at a maximum of 5% of the cost to the state, although those on low incomes or with more than one child pay less. The move has created an ongoing political headache for the government as it has struggled to convince parents of

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