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Vocabulary Builder — Essay & Answer Writing

dirigisme

noun / dee-reezh-EEZ-muh / Hard
Meaning

An economic system in which the State exercises strong directive influence over investment and the market, rather than leaving it to private forces.

Origin / Etymology

From French ''diriger'' (to direct), from Latin ''dirigere''.

Synonyms
statism interventionism central planning state capitalism
Antonyms
laissez-faire liberalisation deregulation free market
Example Sentence
"Economists debated whether India''s post-1991 reforms marked a decisive break from the dirigisme of the licence-permit raj."
🎯 UPSC Usage

Deploy in GS Paper 3 answers contrasting the pre-1991 planned economy with liberalisation, and in essays on the role of the State in development. Pair it with the Nehruvian model, industrial licensing, and the shift toward market-led growth.

Relevant Subjects
Economy
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