Managed economics
A controlled economy is an economic area in which the state strongly intervenes in private economic processes. However, it is not a central administration economy or its descendants, as there is always a market economy in the background. One also speaks of a “state-controlled private economy” ( statist economy).
Managed economies are characterized, among other things, by a high degree of interlinking of business and politics, a large amount of state participation in publicly significant companies (typically: post office, telecommunications, railways, new technologies), an economically active bureaucracy, strong regulation and strong state intervention in the Economy, for example through the requirements of economic, competition, research and labor market policy.
A strong state intervention, especially in developing countries, is often justified by the fact that a process of industrialization is to be set in motion. If this succeeds, the state can often be observed to remain as the supervisory authority (for example in India , Italy , South Korea or Singapore ). It also happens that after the successful establishment of certain industries, the necessary rationalizations are not implemented. In the course of progressive trade liberalization and increasing globalization , however, there is growing pressure on managed economies to open up the markets and to loosen the ties between state and economy, for example through privatization and deregulation, such as in France after 1983.
See also
Individual evidence
- ↑ Thomas Meyer : Theory of Social Democracy , 2nd edition, VS Verlag für Sozialwissenschaften, Wiesbaden 2011, ISBN 978-3-531-18131-8 , p. 530f.
- ↑ Carsten Herrmann-Pillath : Economic Integration , State and Networks. A new paradigm of global economic regionalism? - thematized using the example of "Greater China" , in: WeltTrends No. 7 (1995), p. 45.