Scrabble?! DIRIGISME

Definitions of DIRIGISME in various dictionaries:

Dirigisme or dirigism (from French diriger, meaning 'to direct') is an economic doctrine where the state exerts a strong directive influence in a market economy, designating a capitalist economy in which the state plays a strong directive, as opposed to a merely regulatory role, over economic affairs. As an economic doctrine, dirigisme is the counterpart to 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). The term emerged in the post-war era to describe the economic policies of the French economy, 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 sectors of the French economy. It resulted in an unprecedented economic and demographic growth, lea