dirigisme
noun
di·ri·gisme di-ri-ˈzhi-zᵊm 
dē-rē-ˈzhēs-mᵊ
dē-rē-ˈzhēs-mᵊ : economic planning and control by the state
dirigiste
di-ri-ˈzhēst
adjective dē-rē-
Example Sentences
Recent Examples on the Web The hitch is that in trying to emulate Macron’s penchant for dirigisme (France already owns 14 percent of the Franco-Dutch airline), the Netherlands will probably end up butting heads with him too. 
Washington Post, 28 Feb. 2019 Historically a French hobby-horse, dirigisme has found favour with German policymakers. The Economist, 31 Aug. 2019 Yet Mr Macron has a more subtle and radical goal than old-style dirigisme The Economist, 30 Sep. 2017
Washington Post, 28 Feb. 2019 Historically a French hobby-horse, dirigisme has found favour with German policymakers. The Economist, 31 Aug. 2019 Yet Mr Macron has a more subtle and radical goal than old-style dirigisme The Economist, 30 Sep. 2017 Word History
Etymology
French, from diriger to direct (from Latin dirigere) + -isme -ism
First Known Use
1947, in the meaning defined above