The Economics of the Third Way: Experiences from Around the World
The 'third way' is a term often used by politicians and others to indicate a set of new policies adopted by former social democratic parties throughout the world. This book is an attempt to dissect the ideas and economic theory behind the rhetoric of the 'third way' through a critical evaluation of the experiences of 'third way' administrations in a diverse range of countries. the editors suggest seven elements which can help define the theoretical economic foundations of 'third way' policies. They consider whether there is a consistent economic approach underlying the 'third way', and show that it is much influenced by New Keynesian economics. the contributors to the book explore the policy experiences from ten different countries, plus the European Union as a whole. Each contribution provides an examination of the application and implementation of 'third way' policies in a different country. These contributions indicate the similarities of the policies of the 'third way', though important differences in experience also emerge.
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The third sociological way
a new social democratic
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accord African argued Australia Australian Labor Party Austria Bank Blair budget Canada capital cent of GDP centre-left governments Clinton competition conservative countries decades decile decline deficit democracy deregulation economic policy effect election electoral employment European expenditure federal Figure financial markets fiscal policy Giddens global globalisation growth Hawke-Keating Government households implemented important income tax incomes policy increase industrial policy inequality inflation rate interest rates investment Italian Italy Jospin Keynesian Kim Beazley Kreisky Labour government labour market Labour Party Latham macroeconomic macroeconomic policy major Mark Latham modernisation monetary policy NAIRU NDP government NDP's neo-liberal OECD organisation Padayachee PASOK's Paul Keating pension political privatisation productivity programme spending provincial redistribution reduced reform relatively Saskatchewan sector social democratic social partnership Socialist governments South Africa stock market strategy structural tax cuts Third Tony Blair trade unions wage welfare workers