dirigisme
Government economic direction
Dirigisme is a system where the state plays a strong directive role in the economy, guiding investment, industry, and development rather than leaving these to market forces.
The term comes from French and is associated especially with France's postwar economic policy.
It implies centralized planning without full nationalization: The country's dirigisme shaped its industrial champions.
The adjective is dirigiste.
Policy of deliberate involvement
- nationalizationGovernment acquisition of industry
- public-sectorState-run employment realm
- protectionismShielding local producers
- autarkyComplete economic independence
Official rules governing conduct
- oversightSupervision or inadvertent omission
- interventionPurposeful involvement to change course
- bureaucracyRigid administrative system
- top-downDirected from highest level
paternalism · licensing · enforcement · compliance · monitoring · standards · restrictions · permits
interventionism
Policy of deliberate involvement
- nationalizationGovernment acquisition of industry
- public-sectorState-run employment realm
- protectionismShielding local producers
autarky · subsidies · technocracy · statism · mercantilism
regulation
Official rules governing conduct
- oversightSupervision or inadvertent omission
- interventionPurposeful involvement to change course
- bureaucracyRigid administrative system
top-down · paternalism · licensing · enforcement · compliance · monitoring · standards · restrictions · permits · inspections
dirigismelaissez-faire
Noninterference in commerce
free market · neoliberalism · market economy · deregulation · privatization
dirigismeAustrian economics
Subjectivist, individualist economic tradition
monetarism · classical liberalism · supply-side economics · spontaneous order · invisible hand
direct, direction, director, directing, directive, directorate