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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.
<ref>[https://www.britannica.com/money/topic/dirigisme Dirigisme]</ref>}}
<ref>[https://www.britannica.com/money/topic/dirigisme Dirigisme]</ref>}}
DBPedia states about dirigisme:
{{Cquote|Dirigisme or dirigism (from French diriger 'to direct') is an economic doctrine in which the state plays a strong directive (policies) role contrary to a merely regulatory interventionist role over a market economy. As an economic doctrine, dirigisme is the opposite of 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) to incentivize market entities to fulfill state economic objectives. The term emerged in the post-World War II 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 both the period of substantial economic and demographic growth, known as the Trente Glorieuses which followed the war, and the slowdown beginning with the 1973 oil crisis. The term has subsequently been used to classify other economies that pursued similar policies, such as Japan, the East Asian tiger economies of Hong Kong, Singapore, South Korea and the Republic of China (ROC), and more recently the economy of the People's Republic of China (PRC) after the Chinese economic reform. Most modern economies can be characterized as dirigiste to some degree as 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.<ref>[https://dbpedia.org/page/Dirigisme Dirigisme], DBPedia</ref>}}
== See also ==
== See also ==