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planned economy
(redirected from Economic statism)

   Also found in: Wikipedia 0.04 sec.

planned economy

Another term for command economy, meaning a system in which decisions about how resources are to be allocated are made by government departments or agencies.



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Economic statism on that model is simply no longer credible.
Nearly all Turks now recognize the need to replace economic statism with openness to the international market economy.
Editor Booth, summing up, identifies four critical issues: regional disparity, resulting from the faster pace of growth in Java compared to the Outer Islands; the growth of the educated unemployed; the domination of the economy by a small number of predominantly Sino-Indonesian business groups; and persistent economic statism and hostility to private entrepreneurship.
 
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