Definition, Meaning & Synonyms
corporatism
Noun
/ˈkɔːpəˌreɪtɪzəm/
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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.
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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.
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Meaning
Corporatism refers to the way that different groups in society, particularly economic ones, collaborate with the government to formulate policies and make decisions.
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Synonyms
- Cooperation
- Collaboration
- Collectivism