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''Encyclopedia Britannica'' states concerning '''dirigisme''':

''Encyclopedia Britannica'' states concerning '''dirigisme''':

{{Cquote|dirigisme, an approach to [[economics|economic]] development emphasizing the positive role of state intervention. The term dirigisme is derived from the French word diriger (“to direct”), which signifies the control of economic activity by the state. Preventing market failure was the basic rationale of this approach. Dirigisme was introduced in [[France]] following [[World War II]] to promote [[industrialization]] and protect against foreign competition, and it was subsequently mimicked in East Asia. Dirigiste policies often include centralized economic planning, directing investment, controlling wages and prices, and supervising labour markets. Although countries that adopted dirigiste policies have experienced some economic success, dirigisme has been challenged...

{{Cquote|dirigisme, an approach to [[economics|economic]] development emphasizing the positive role of state intervention. The term dirigisme is derived from the French word diriger (“to direct”), which signifies the control of economic activity by the state. Preventing market failure was the basic rationale of this approach. Dirigisme was introduced in [[France]] following [[World War II]] to promote industrialization and protect against foreign competition, and it was subsequently mimicked in East Asia. Dirigiste policies often include centralized economic planning, directing investment, controlling wages and prices, and supervising labour markets. Although countries that adopted dirigiste policies have experienced some economic success, dirigisme has been challenged...

Many attribute the collapse of dirigisme to the increased complexities of a highly competitive and internationalized economy as strategic planning capacities of state technocrats became severely limited. Dirigisme flourished in the 1950s and 1960s in France, but sour economic results, uncompetitive enterprises, and declining sectors forced the government to largely renounce dirigisme in the 1980s. Dirigisme was also largely blamed for the bursting of the Asian bubble economy in the late 1990s. Financial crisis and recession in Japan was seen to have been a result of its failure to change long-established institutional patterns of behaviour. In South Korea, state activism in the market economy was considered as crony capitalism. Although dirigisme has undoubtedly given way to more market-centred political economy in these countries, the state is still arguably active in various ways.

Many attribute the collapse of dirigisme to the increased complexities of a highly competitive and internationalized economy as strategic planning capacities of state technocrats became severely limited. Dirigisme flourished in the 1950s and 1960s in France, but sour economic results, uncompetitive enterprises, and declining sectors forced the government to largely renounce dirigisme in the 1980s. Dirigisme was also largely blamed for the bursting of the Asian bubble economy in the late 1990s. Financial crisis and recession in Japan was seen to have been a result of its failure to change long-established institutional patterns of behaviour. In South Korea, state activism in the market economy was considered as crony capitalism. Although dirigisme has undoubtedly given way to more market-centred political economy in these countries, the state is still arguably active in various ways.