stateled
State-led refers to a governance or development model in which the government actively directs economic policy, investment decisions, and resource allocation rather than leaving these to market forces alone. In this sense, state-led approaches seek to guide growth, correct market failures, and pursue national strategic goals through planning, regulation, and public institutions. The term is commonly contrasted with market-led or liberal models that emphasize private initiative and limited government intervention.
Key features include sector prioritization and long-term planning, targeted public investments, and instruments such as subsidies,
Historical usage often points to developmental states, such as those in East Asia after World War II,
Critics argue that state-led models risk inefficiency, political capture, and misallocation of resources if governance and
In contemporary discourse, state-led elements are discussed in contexts like industrial policy, green transitions, and strategic