April 11, 2024

Analysis

The Electric Vehicle Developmental State

BYD exemplifies transformations in Chinese industrial policy

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…

March 2, 2024

Analysis

Oil Linkages

State-led development in Angola and Nigeria

Oil and gas producers in Africa face unique challenges in pursuing state-led development. The resource curse, and specifically the phenomenon of “Dutch disease”, which inflates the value of the local currency, makes exporting local products abroad difficult. As long as…