The rise of the Chinese EV industry has been enabled not only by generous government subsidies but also by profound changes in strategy and organization, and in particular by a distinctive revival of vertical integration—at both individual firm and national…

The financial crises of the 1990s in Asia, Argentina, and Russia sparked growing interest in the phenomenon of dollarization—the use of a foreign currency to perform national currency function. Dollarization, however, has a history dating back to the nineteenth history.…