Definition, Meaning & Synonyms

corporatism

Noun

/ˈkɔːpəˌreɪtɪzəm/

Definition

A political and economic system in which the interests of various social groups are represented in the governance of the state, often through representatives from businesses, labor unions, and other organizations.

Examples

In many countries, corporatism plays a major role in shaping labor relations.
The corporatist model influenced the economic policies adopted by the government during the 20th century.

Meaning

Corporatism refers to the way that different groups in society, particularly economic ones, collaborate with the government to formulate policies and make decisions.