April 11, 2024
AnalysisThe 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 14, 2024
AnalysisEgyptian Leverage
The IMF invests in the Egyptian dictatorship’s structural payments imbalance
Cairo’s role in a US-backed regional security architecture makes the military dictatorship a regional giant too big to fail. The Sisi regime, like its predecessors, is keenly aware of this status and leverages it to secure the acquiescence of creditors…