Longer post on Chinese subsidies: Even if you disagree (and I welcome any counterpoints), here are some points about Chinese industrial subsidies that I think are worth considering. 1. Real performance gains are the ultimate goal for Chinese subsidies. I cite Chinese EV

🇫🇷 French OAT spread back in the danger zone, for the first time since 2017 when Frexit was a threat.

In 2017, I studied how investors in French sovereign debt were already worried that political change in France would be a threat to their investments. dial.uclouvain.be/memoire/ucl/fr…

OUCH! The cost of insuring against a French default (CDS price) has shot up by 16bps this week. The probability of default is priced at 3.5%.

Dans ma nouvelle note fipeco.fr/commentaire/Le… sur le site de FIPECO je compare les inégalités et la redistribution des revenus en 2022 en France et dans l'Union européenne

So, four top ASEAN countries hope to join BRICS - Indonesia, Malaysia, Thailand and Vietnam. Russia and China will be mighty pleased. cnbc.com/2024/06/18/mal…

latribune.fr/economie/union…

Breaking: The European Commission is opening an 'excessive deficit procedure' against France for the first time. This should have happened long ago, but France's power in Brussels for years made the Commission look away. How will this impact the 🇫🇷legislative election?

What does the development of li-batteries, among other green technologies, mean for resource-rich countries such as Madagascar? What are the implications for the distribution of wealth? And for broader values controversies? Check my last paper 👇

Europe’s EV market is between two growth phases: as in the past, carmakers are timing sales & models for their next EU target in 2025. Europe’s car CO2 rules are its strongest driver of EV sales & cheaper cars. Lawmakers should stay the course. More ➡️ transportenvironment.org/articles/stagn…

"Des documents consultés par « Le Monde » révèlent que l’Agence nationale antifraude a été utilisée par la présidence malgache pour acquérir du matériel de cyberespionnage fin 2021." lemonde.fr/afrique/articl…

In 2024, the #M23 intensified its attacks in eastern #DRC fueling insecurity and one of the world’s biggest humanitarian crises. IPIS mapped the evolution of M23’s territorial influence in #Masisi & #Rutshuru territories, #NorthKivu. Maps & methodology: ipisresearch.be/publication/sh…

People seemed to appreciate this reading list, so I'm posting it again (with a small update). It's the 10 key books in the reading list for my course, "Development Economics", which I teach at Cambridge.

💥"Les créanciers du groupe, qui sont aussi désormais ses principaux actionnaires, exigent de rapatrier dividendes et profits en Hollande pour payer moins d’impôts." capital.fr/entreprises-ma…

Il a tout à fait raison ! Même la Cour des comptes le dit dans son rapport de juillet 2024 sur les finances publiques 🔎. Politique de l'offre (ISF transformé en IFI, baisse de l'impôt sur les sociétés, flat tax), suppression de la taxe d'habitation… 📉👇 ccomptes.fr/fr/publication…

"Ukraine has precious minerals estimated to be worth several trillion $, including lithium, titanium and graphite. Many of these resources are in areas which are either under Russian occupation or are at risk of being captured" ft.com/content/b08b72…

NEW: 3 pieces on the future of the global auto industry and its workers, with Paolo Gerbaudo on BYD's globalization, Alfredo Santos interviewed on BYD's operations in Brazil, and Jeffrey Hermanson interviewed on labor organizing in Mexico's manufacturing centers.

Chinese EVs are in a phase of massive international expansion which is reshaping globalisation itself. In my new piece for Phenomenal World, I dig into BYD’s international rise and what it means for the future of the international economy. phenomenalworld.org/analysis/globa…