Mixed economy

As a directed economy is called an economic area in which the government intervenes heavily in the private economic processes. But It is not centrally planned economy or descendants of these, as always affects a market economy in the background. It also speaks of a "controlled by the state private sector " ( statist economy ).

Steered economies are inter alia characterized by a high degree of interaction between business and politics, a large government ownership of public companies significant (typically: postal services, telecommunications, railways, new technologies), an economically active bureaucracy, strong regulation and strong state intervention in the economy, for example by the guidelines of the economic, competition, research and labor market policy.

A strong state intervention is justified, especially in developing countries often so that a process of industrialization is to be set in motion. If successful, this is often seen as a check ( for example in Italy, South Korea and Singapore ) a persistence of the state. It also happens that after a successful build under certain industries remain necessary rationalizations. In the course of progressive trade liberalization and increasing globalization, however, pressure is growing on guided economies to open markets and resolve the ties between government and business, for example through privatization and deregulation as in France after 1983.