Dirigisme

  • dirigisme or dirigism (from french diriger, meaning 'to direct') is an economic doctrine in which the state plays a strong directive role, as opposed to a merely regulatory or non-interventionist role, over a capitalist market economy.[1] as an economic doctrine, dirigisme is the opposite to laissez-faire, stressing a positive role for state intervention in curbing productive inefficiencies and market failures. dirigiste policies often include indicative planning, state-directed investment, and the use of market instruments (taxes and subsidies).

    the term emerged in the post-war era to describe the economic policies of france, which included substantial state-directed investment, the use of indicative economic planning to supplement the market mechanism, and the establishment of state enterprises in strategic domestic sectors. it coincided with the period of substantial economic and demographic growth known as the trente glorieuses that followed the war, but did not prevent the slowdown beginning with the 1973 oil crisis.

    the term has subsequently been used to classify other economies that pursued similar policies, most notably the east asian tiger economies, and more recently the economy of the people's republic of china.[2] state capitalism is a related concept.

    most modern economies can be characterized as dirigiste to some degree – for instance, the state may exercise directive action by performing or subsidizing research and development of new technologies, through government procurement (especially military) or through state-run research institutes.[3]

  • in france
  • other economies with dirigiste characteristics
  • see also
  • references
  • further reading

Dirigisme or dirigism (from French diriger, meaning 'to direct') is an economic doctrine in which the state plays a strong directive role, as opposed to a merely regulatory or non-interventionist role, over a capitalist market economy.[1] As an economic doctrine, dirigisme is the opposite to laissez-faire, stressing a positive role for state intervention in curbing productive inefficiencies and market failures. Dirigiste policies often include indicative planning, state-directed investment, and the use of market instruments (taxes and subsidies).

The term emerged in the post-war era to describe the economic policies of France, which included substantial state-directed investment, the use of indicative economic planning to supplement the market mechanism, and the establishment of state enterprises in strategic domestic sectors. It coincided with the period of substantial economic and demographic growth known as the Trente Glorieuses that followed the war, but did not prevent the slowdown beginning with the 1973 oil crisis.

The term has subsequently been used to classify other economies that pursued similar policies, most notably the East Asian tiger economies, and more recently the economy of the People's Republic of China.[2] State capitalism is a related concept.

Most modern economies can be characterized as dirigiste to some degree – for instance, the state may exercise directive action by performing or subsidizing research and development of new technologies, through government procurement (especially military) or through state-run research institutes.[3]