Dirigiste in the context of "Trente Glorieuses"

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⭐ Core Definition: Dirigiste

Dirigisme (French: [diʁiʒism]), or dirigism (from French diriger 'to direct'), refers to an economic system in which the state takes an active and directive role in shaping and guiding the economy, rather than limiting itself to a purely regulatory or hands-off approach within a market economy. As an economic doctrine, dirigisme stands in contrast to laissez-faire, highlighting the constructive role of market intervention in addressing inefficiencies and market failures. Dirigiste policies typically include indicative planning, state-guided investment, and the strategic use of market instruments such as taxes and subsidies to encourage economic actors to align with national development goals. Dirigisme is not synonymous with a state-controlled command economy but a market economy and big public sector is required for dirigisme; hence the public sector becomes an instrument for altering the market.

The term emerged in the post–World War II era to describe the economic policies of France 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 domestic sectors. It coincided with both the period of substantial economic and demographic growth, known as the Trente Glorieuses which followed the war, and the slowdown beginning with the 1973 oil crisis.

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Dirigiste in the context of Charles de Gaulle

Charles André Joseph Marie de Gaulle (22 November 1890 – 9 November 1970) was a French general and statesman who led the Free French Forces against Nazi Germany and Vichy France in World War II and chaired the Provisional Government of the French Republic from 1944 to 1946 to restore democracy in France. Following the Algiers putsch, he came out of retirement at the request of President René Coty, who appointed him Prime Minister. He commissioned a new constitution which was approved by voters in a referendum, establishing the Fifth Republic. He was subsequently elected President of France later that year, a position he held until his resignation in 1969. He is widely considered the greatest Frenchman of the 20th century.

Born in Lille, he was a decorated officer of World War I, wounded several times and taken prisoner of war by the Germans. During the interwar period, he advocated mobile armoured divisions. During the German invasion of May 1940, he led an armoured division that counterattacked the invaders; he was then appointed Undersecretary for War. Refusing to accept his government's armistice with Germany, de Gaulle fled to England and exhorted the French to continue the fight in his Appeal of 18 June. He led the Free French Forces and later headed the French National Liberation Committee and emerged as the undisputed leader of Free France. He became head of the Provisional Government of the French Republic in June 1944, the interim government of France following its liberation. As early as 1944, de Gaulle introduced a dirigiste economic policy, which included substantial state-directed control over a capitalist economy, which was followed by 30 years of unprecedented growth, known as the Trente Glorieuses. He resigned in 1946, but continued to be politically active as founder of the Rally of the French People. He retired in the early 1950s and wrote his War Memoirs, which quickly became a staple of modern French literature.

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Dirigiste in the context of Economy of Singapore

The economy of Singapore is a highly developed mixed market economy with dirigiste characteristics. Singapore's economy has been consistently ranked as the most open, competitive and pro-business in the world. It is also the 3rd least corrupt in the world. Singapore has low tax-rates and the highest per-capita GDP in the world in terms of purchasing power parity (PPP). The Asia-Pacific Economic Cooperation (APEC) is headquartered in Singapore.

Alongside the business-friendly reputation for global and local privately held companies and public companies, various national state-owned enterprises play a substantial role in Singapore's economy. The sovereign wealth fund Temasek Holdings holds majority stakes in several of the nation's largest bellwether companies, such as Singapore Airlines, Singtel, ST Engineering and Mediacorp. With regard to foreign direct investment (FDI), the Singaporean economy is a major FDI outflow-financier in the world. In addition, throughout its history, Singapore has benefited from the large inward flows of FDI from global investors, financial institutions and multinational corporations (MNCs) due to its highly attractive investment climate along with a stable and conducive political environment throughout its modern years.

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Dirigiste in the context of Paternalistic conservatism

Paternalistic conservatism is a strand of conservatism which reflects the belief that societies exist, and develop, organically, and that members within them have obligations towards each other. There is particular emphasis on the paternalistic obligation, referencing the feudal concept of noblesse oblige, of those who are privileged and wealthy to the poorer parts of society. Consistent with principles such as duty, hierarchy, and organicism, it can be seen as an outgrowth of traditionalist conservatism. Paternalistic conservatives do not support the individual or the state in principle but are instead prepared to support either or recommend a balance between the two depending on what is most practical.

Paternalistic conservatism emphasizes the duties of the government to entail fairly broad state interventionism to cultivate a good life for all citizens. This leads to a dirigiste path in which the government is envisaged as a benevolent paternal figure setting goals and ensuring fair play and equal opportunity, with a stress on the importance of a social safety net to deal with poverty and support of redistribution of wealth, along with government regulation of markets in the interests of both consumers and producers. Although accepting of state intervention, paternalistic conservatives are not supportive of anything resembling a command economy.

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