Which governance concept combines strong market mechanisms with centralized planning and strict social control?

💡 Explanation:

The Developmental State model is characterized by strong state intervention and centralized planning to guide economic development, often in a market-oriented economy, while maintaining a high degree of political and social stability through strict governance (a 'hard state'). This model was exemplified by leaders like Lee Kuan Yew in Singapore and also applies to post-WWII Japan, South Korea, and Taiwan. The Washington Consensus and Neoliberalism both emphasize reduced state intervention and free-market liberalization.