Difference between revisions of "Dirigisme"
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''Encyclopedia Britannica'' states concerning '''dirigisme''': | ''Encyclopedia Britannica'' states concerning '''dirigisme''': | ||
| − | {{Cquote|dirigisme, an approach to 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.<ref>[https://www.britannica.com/money/topic/dirigisme Dirigisme]</ref>}} | + | {{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.<ref>[https://www.britannica.com/money/topic/dirigisme Dirigisme]</ref>}} |
== See also == | == See also == | ||
Revision as of 00:59, August 14, 2023
Encyclopedia Britannica states concerning dirigisme:
| “ | dirigisme, an approach to 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.[1] | ” |