Definition, Meaning & Synonyms

dirigisme

Noun

/dir-ig-iz-um/

Definition

A political and economic system in which the government exerts a strong directive influence over the economy.

Examples

In many socialist economies, dirigisme was a common strategy to promote industrial growth.
France adopted dirigisme after World War II to rebuild its economy.

Meaning

Dirigisme refers to an approach where the state takes an active role in controlling and planning economic activity and development, often through regulation and state-owned enterprises.